New investor intro: Steve

[Steven Laub]

Hello everyone, I am new here on the BP site. I cant stop listening to the BP podcasts since I found them. I am currently working/living (more like surviving) in the Middle east. I have been here for about 4 years and think I am ready for a change. I am currently in the sales stage of my first long distance flip back in California. Should make a good profit. Thinking about finishing up the year here and heading back and flipping full time. Still trying to talk my self into the lack of security. One big question is how do you attain financing when you do not hold a "monthly paying" job and complete flips for a living? Leaving here I should have about 300k in liquid assets. Which would be enough to do about two houses at a time in my area but with bank financing I would be able to move that up to nearly 4.

The reason I am curious about bank financing is I would like to use a VA loan to finance my personal home so that I can keep enough cash to keep the flips going and month to month expenses.