All Forum Posts by: Eric M.

@Eric M. I was a loan officer before I started flips so about 25 years. The ONLY one who might do 100% financing is your dad. ;-) Anybody who says they will risk all for you, whom they've never met, wants something you've got that they don't have. (Identity theft?)

I can help you inbox me.

 Thanks. How are investors getting deals with  no income or money?

Investing is hard work and high risk. Money talks as they say.

Without a steady reasonably good paying job your chances of starting are slim, your chances of success probably nil.

You need to go back to work to support your investing until you are established. Adjust your thinking about work, you trade your time for money, no job is any more or less that that. If you can not get your head around that concept you face a impossible challenge.

@Eric M.
I saw this post was from 5 months ago....what has happened between that time and now. Have you made even one offer? Have you done anything at all since when you posted?

I just bought my first flip and I'm going to live in it while I rehab it, which may make sense for you. But you likely won't get a loan without income so in thinking long term, you may need to get another job for now. You could then "house hack" your first property, roommates would pay most of your mortgage, then once that first property is complete, you could refinance it or take a HELOC out on it to buy a second property. Another option is a self directed IRA- do you have a 401k with the company who laid you off? If so, you could use that money to invest in real estate as long as you don't live in the property.