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Updated almost 3 years ago,

User Stats

15
Posts
13
Votes
Nick Roth
Pro Member
13
Votes |
15
Posts

Self Employeed - Trying to secure first official loan

Nick Roth
Pro Member
Posted

Hey all! I am new to this community and am excited about this new journey into real estate investing. I am born and raised in Cleveland, Ohio and am looking to invest in my local market. (west side of Cleveland to be more specific) 

I am looking for any recommendations or guidance on how to secure a loan for my first investment property. I am self employee'd so it is a bit tougher to get a conventional loan. I have money saved to invest, no debt, and am a handy man. (not official contractor but can do most interior work that doesn't require license).

Ultimately, I am trying to BRRRR my properties. I'd like to live in this first property while renovations happen, and then move out and repeat the process.

I believe I need to speak with a loan officer and figure out what is possible in my situation. I apologize for any ignorance as I am super new to all of this. 

Thanks in advance for any help or tips into the right direction. Looking forward to this journey!

P.S. - if you're in Cleveland, please reach out! I'd love to connect with local investors and see if there is anyway we can help each other out!

-Nick

  • Nick Roth
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