I'm looking at options other than mortgages. I am an independent technical consultant and usually get a 1099 from my clients at the end of the year. This makes it hard to get traditional lending, no matter how much you make. In order to get into new things I really need to find other ways to get capital to work with. I know I still have lot of research to do before I can talk intelligently about any of the un-conventional options, so I haven't chosen a particular path I want to go down at this point.
The main reason I'm asking is because there are some turn of the century, mixed use, properties I'm looking at with retail space below and apartments above. The properties are under utilized at this point and some are going to need work to make the space above the retail areas livable/accessible. I got the lead on these properties before they have hit the market and the sellers want to keep it quiet, in order to not disrupt the current tenants. The area has been growing for years and will continue to grow. I'm very interested but not sure how and where to get financing and some coaching/direction. I know there are a lot of things to consider and learn but I'm unsure where to start. I'm leaning towards a buy and hold plan for right now.
-Jared
