We were trying to get a conventional loan through Guild Mortgage, but yesterday I received the email that we didn't qualify due to the PMI they quoted us being an extra $2000 per month.

Us being in Los Angeles I’m sure short term rentals would be in high demand, just have to find the right property that would work!

Maybe.But with us being so new to the real estate game, I'm glad we were able to learn the lessons we did early on and are able to ask them going forward to any lenders we speak with for future deals.

I hope that is enough to get me through the hump.

I am starting from ground zero,You might consider using creative finance to get over the financing hump and buying "off market" gives the best returns. 

Your hand is held when necessary to get you over the tough humps, yet our tools are pretty flexible.   

Happy Hump day!

Pay a large some of money to an institution to teach us "skills" to make us be better candidates for the work force....However, instead of being over 100k+ in debt after your 4 year investment, with no job lined up to pay off your education bill....in Flipsystem you are paying off your "tuition" as you go.

Sometimes, it is that little extra that gets you over the hump to acquire/control a greater asset than you would have without withdrawing those funds.Take a moment and think about all those numbers that have been thrown around.

@Jaron Walling Hi, i have been working at my families local restaurant since i was a kid. it pretty much doesnt operate smoothly without us being there but it is getting tiring and my parents who have been working these hours much longer than i (they are immigrants from albania hence why i also bust my ***) dont want to continue doing this forever. i also do some FB market flips and have an online store. i just hustle to do whats needed. i have low expenses so this has allowed me to save alot for investments.