All Forum Posts by: Account Closed

so there might be an obvious question for some of you to answer or maybe not. I don't know that's why I'm asking here at BP, because you guys always help :)

So I'm currently researching FHA loans and the guidelines. I can pass the credit score but I noticed that you have to prove 1 to 2 years of work. I have worked full time for the majority of the past 2 years. That's at a minimum wage paying job making 10-12$ an hour and I don't have much in savings to prove for it, I know I'm an idiot I went and spent it on useless ****...but I'm young 20! And I have not had one steady job it has been multiple.

So my question is will they require to me to be consistent with one employer or are they just going to look at how much I make a year and base it if that? Not the actual work content?

thanks for the advice @Dan Costantino and @James Wise

So my short term goal is to invest to the best of my financial circumstances to build enough capital (this is why I thought "flipping" was the right move) and only after just posting this I found more posts on BP about buying duplexes and that almost seems like the better move since I have such little capital.

My long term goal is buy and hold properties. Short and simple. Maybe flip houses on the side.

Dan I'm not currently in the city I want to invest in so dont have that much to network with except online. But don't get me wrong I plan to do a lot of networking between, family, friends, friends parents and so on and build a few mentor relationships.

But i do have very little capital. I make about 13-16$ per hour so that's kinda why I turned to investing in the first place. I have a lot of saving, time and study to put in but this has helped a lot. Thanks to you both

Currently researching the best option for my first investment most likely in the state of Florida.

Money out of pocket would only be 5k-10k

My mind was set on "flips" to build capital at first but now I'm also looking at the idea of investing in a duplex living in one half and renting out the other.

So I'm just looking for the best advice on which to invest in for a beginners first investment so I can really dive In to all the research and make this happen in the near future using creative financing?