Funding deals without showing income
I am looking for some input. I'm in Long Island, Ny and looking to start flipping houses. However, Ive been out of work for over a year due to injuries from a pretty bad car accident. I was running my own home improvement company when I was hurt. I currently own my own home which has a little over 100k in equity, and have a access to about 150K cash. Now, being that I cannot show an income and most flips on long island start around 275-325K (before reno costs), what would be the best avenue to find funding? I see hard money and private investors as being an option, but is there any other options that I can get creative with? Thanks!
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Michael have you thought about apartment complexes? It's a whole different ball game then houses. When it comes to buying an apt complex 5 doors and up they look how the building performs and not so much on your income debit/income ratio etc...If you can find a good apt complex that you can re-position, it would be a nice little pay day.