All Forum Posts by: Peter Schuyler

I used Champions School of Real Estate in Plano.  I liked that I could do almost all of the classes online.

I used Champions School of Real Estate in Plano.  I liked that I could do almost all of the classes online.

We invest rent/flip properties. planning on 3 flips this years (hopefully) i just got my RE license and I'm debating on what to do. I found a very knowledgeable broker who will give me 75/25 for my properties and 60/40 for other deals. His training seems to be very good and if I can sell some properties on the side I guess it wouldn't hurt... at the same finding clients is probably not too easy either.

Any advice, recommendations?

Thank you! Ana

other option is a flat fee broker, without having any experience it worries me not having training/support. Also getting new clients might be even more difficult.

Your local Chamber of Commerce or BNI.....

Hello,

I am brand new to BiggerPockets and this is my first post on the site. I am interested in getting into real estate investing and today I was told that my strategy will not work b/c I'm an independent contractor (self employed). Long story short, I was planning on getting a multi-family home this summer with an FHA first time home buyer loan, but today I was told that I wouldn't qualify b/c underwriters are only going to factor the NET of my self employed income (I've only been self employed since Aug. of 2016). They will not look at previous income for other companies because I no longer work for those companies. They can only look to what I have made and extend that out for the future to determine what my income is. So they would calculate from 8/16 for my self employment which means I haven't been self employed for a year yet. I will not qualify using conventional means of financing.

So nonetheless, I NEED A NEW STRATEGY. How do I buy in 2017 w/o putting 20-25% down? I heard that there were ways to acquire properties with low or no money down. Is this possible in my position? Where do I go from here? Any help would be greatly appreciated! 

Thanks!

Nice post.  Thank you for sharing.

Home Depot