Where to get the money?

[Craig C.]

Okay, so I just finished my introduction...

I am aware of 2 important things to have when investing:

#1: Time,

#2: Money,

[Questions are at bottom of page]

During my time in the service, I had a secure and steady income but no time. Now I am out of the service, I have an inconsistent income between job-hopping, job-hunting, and relocating. Right now, I really like where I am at as far as a geographical location is concerned. But the problem now is I have more than enough time, but no clarity on the money.

I'm not exactly afraid of commitments as far as finances go, but working a job just to keep on top of bills your always Just-Over-Broke, and your exhausted when you get home and you always want to get some rest so your prepared for a better(or easier) day at work the next day, elsewise you'll be first in the cross-hairs on the at-will list for companies to lay off or fire.

In the last 2 weeks, I'd say I've accumulated about 100 hours worth of searching real estate ad's, reading books on real estate, forums and the like, and I am leaning towards an FHA 203k loan, or something similar such as owner financing.

As it is right now, I am set to start my new J.O.B. next week, but I am expected to work nearly 70 hours a week my first few months there.

I think a "stupid" question is far better than making a "stupid" decision! This having been said, since I am bouncing job-to-job and job-hunting right now, is there anyway to get a small duplex or triplex financed when you cannot show a consistant income? The only consistency in my income will be after I have a property to rent and generate income. On a recent negociation with a local bank, I was able to clearly display all pertaining liabilities and assets, with a before and after outlook on both my end, and the bank's end. To sum it up, a 7 year loan could have been paid off in less than 16 months, with a ROI of 25% for the bank, and I would still have been well off, and able to actually pay cash for my next property within 12 months between how the leases were written and how quickly I was(or rather would be) able to fill the vacancies! And that was with all expenses accounted for

"Stupid" questions list:

Q1: How can someone purchase a duplex or similar item without a consistant income or J.O.B.?

Q2: After property financing is complete, how can I keep a sum of the cash for emergeancy repair's and the like?

Q3: Are there exemptions available for housing certain class's of people?

Q4: If I also finance a small business with a business loan and qualify for an LLC, can the rental units be covered with the LLC also?

A little insight would be awesome....

Thanks!