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Starting Out

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Jason H.
  • Investor
  • Littleton, CO
5
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23
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Need some advise starting out

Jason H.
  • Investor
  • Littleton, CO
Posted Oct 10 2015, 15:27

So I currently own one rental that is doing great and own my personal house.  I am a licensed master electrician, I work for a contractor (great pay, benefits, work truck, etc..) but also own a fully licensed and insured electrical contracting company I basically have just set up (been open 3 years) but no time to do anything with because I am constantly working on both houses.  I am in the process of purchasing a third house to fix and flip and would LOVE to quit my day job, flip houses and do some electrical work on the side if necessary (I would really like to get out of the contracting business and focus on real estate). BUT I have not made enough over the last 2 tax years with my own company to qualify for a mortgage.  I could not see working my day job, working on my 2 current houses, AND flipping, it would be too much.  What would be the smartest route to take to be able to flip houses 100% of the time?  Thank you in advance for any replies.

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