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Ryan Howard
  • Pittsburgh, PA
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33
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Is there anyone who works for tips that actively invests?

Ryan Howard
  • Pittsburgh, PA
Posted Mar 31 2017, 12:48

So I currently work as a waiter in the Pittsburgh area and I was just wondering if there is anyone in the industry that also invests in real estate? If so how are you qualifying for mortgages. For those that don't know usually a waiters hourly wage is a lot lower. I get paid 2.83 per hour and that's raised by claiming all of my credit card tips. Which can drastically fluctuate week by week. A majority of the money I make comes from cash tips witch is not claimed what so ever. I just passed my real estate test but I mainly got that for when I get started rehabbing I can buy and sell without having pay someone to do it. Down the line I would love to take advantage of the brrrr strategy but am worried that I won't be able to refinance if I continue being a waiter. If I were to start a LLC for rehabbing will those profits help me qualify or am I better off getting a partner who has a high w-2 income?

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