Advice needed on funding.
Hello, I am trying to break into the real estate rental business however funding is my road block right now. I have a plan to buy cheaper housing around Cleveland, OH and doing modest rehabs. I want to provide affordable housing to my fellow lower class and middle class Clevelanders.
I will be doing the rehabs myself with the help of my friends and family, so I save on labor costs right there. I plan on buying budget materials and doing quality work myself. I have fair credit, a sizable down payment, but I do not have verifiable income; I am earning money myself through various odd jobs and helping friends/family.
I need to find funding, but have no clue where to go because a bank won't approve me without verifiable income. I am kind of stuck right now and feel like I am treading water. I really want to go forward with this, but don't know how. Any advice would be great.
Thanks