Need Advice to Help Husband House Flip "Full-Time"

[Claudia S]

I currently own the house my husband and I are living in full time. So I am mortgaged out.

My husband would like to purchase an apartment, renovate, and flip it...He would get a mortgage and then quit his day job to do this as his own 'business' to buy, rehab and flip full time.

The problem is - once he sells his first property, pays back the bank, because he has no job, they wouldn't give him another mortgage so he could go and buy his next property to do the same thing over again.

We live in Canada. Is there any advice/ideas you can provide that I might have overlooked? I would love to make my husband's dreams come true. We've built and purchased properties before, so we're not new to this...but would like to take the next step so he can do it full time. Thanks!

[Tim G.]

When there is a will, there is a way.

Maybe he has to do it a few times over before he can quit. Many of us here have stories of working endlessly at our day jobs and our real estate careers before being able to quit. Its almost a rite of passage... just how bad do you want it?

Find a local mentor too, I believe that to be key to success.