For one, the BRRRR was going to allow us to pull most of our capital out and still gain a cash-flowing asset (that was the intention at least).

Currently, reside in Green Bay Wisconsin and work in digital marketing with video and web experience.

Hello,I was curious about the possibility of obtaining a mortgage as contract worker, if any of you know a way to get a mortgage in my current situation please let me know.My situation:Age: 23 graduated college with BS in Mechanical EngineeringJob: Working as a Mechanical Engineer at Western Digital through a contract agency (5 months in), I will start my second 6 month contract period in late February.

I have two paths forward to get my first deal done, and I'd love to tap into the collective wisdom of the BP community for feedback.Option 1: Buy my own small multifamily (2-4 units)However, it's been difficult to find actual "deals" and candidly I haven't put in the effort to go all out, with direct mail, digital ads, out of state owners, etc. mostly just working with brokers and looking at the various online sources. 

If you haven't made a corporate election for the SMLLC, it is disregarded for federal tax purposes and all activities and assets of the SMLLC are dissolved into the activities and assets of the owner.For California, it appears you are managing the LLC from California. 

Owner hasn't credit score, no any asset, the only thing he has is cash income (non verified).

The same approach works for investing in income-producing assets to achieve financial freedom -- investment income exceeds living expenses.

I have always had a passion for RE and have been looking for the time to jump in, now is as good a time as any I feel.My background is in Asset Protection and with that, I am very analytical and would undoubtedly be an asset to the numbers side of the game.

If you buy these cheap assets, what type of tenant do you think they are?

@Mike Hoherchak in my opinion if you are buying a quality asset that cashflows and can provide moderate to strong returns you are in great shape.