All Forum Posts by: Anderson S.

Hey Saed,

Given your current situation, even though your W2 job isn't related to your degree, the key factor for FHA qualification is income stability. If you secure the automotive window tinting job with a consistent salary of $60k-$70k, that should satisfy most lenders as long as you can show steady pay stubs. Your house-hacking goal is achievable with an FHA loan, even without related field experience, as long as your income supports the mortgage.

Speaking with a lender will give you specific guidance on your eligibility.

Hi Kevin,

To get into fix and flips, I started by focusing on a few key steps that helped me find success:

1. Educate Yourself: Learn the market, analyze property values, and understand rehab costs.
2. Build a Network: Connect with real estate agents, contractors, and lenders.
3. Secure Financing: Consider hard money or private loans for quick capital.
4. Find the Right Property: Look for undervalued homes in growing areas.
5. Create a Detailed Plan: Budget carefully and have a clear timeline for renovations.

What worked best for me was staying disciplined with my numbers and always having a solid team in place. Conversely, rushing into deals without thorough due diligence is something I would avoid.

Hi Ambrea,

To get into fix and flips, I started by focusing on a few key steps that helped me find success:

1. Educate Yourself: Learn the market, analyze property values, and understand rehab costs.
2. Build a Network: Connect with real estate agents, contractors, and lenders.
3. Secure Financing: Consider hard money or private loans for quick capital.
4. Find the Right Property: Look for undervalued homes in growing areas.
5. Create a Detailed Plan: Budget carefully and have a clear timeline for renovations.

What worked best for me was staying disciplined with my numbers and always having a solid team in place. Conversely, rushing into deals without thorough due diligence is something I would avoid.

Funding might be the easier part, there a bunch of lenders (myself included) locking in the right deal is the harder part.

How did this turn our Fang? 

How did this turn out Emmanuel?

The seasoning time varies per lender. Are you aiming to refinance into a traditional mortgage?

Hi Freya, let's find time to connect this week, I think we'd be able to help you out.

What's your goal with the cash? To pay something off or to buy a property? 

All good questions. For one, we want to fund you, it's "easier" than doing what you do (finding the deal, getting the funding, making it work). As for how you present the deal, just give us the facts, where the deal is located, how much you need, what you want to do with it, how you'll be profitable. Let's chat sometime this week.