New Immigrant and I want to start my portfolio ... What can I do?
Hi everyone, I've been listening (podcasts & YT videos) to different real estate investors since I lived abroad and when I moved here to California I instantly got excited about chasing the American dream through real estate investing. I officially moved here last March and I have no tax history yet here in the US. Is that a major factor? I'm still learning and yes it is an unending journey but I was wondering what are my options? Very much excited to learn from everyone here in Bigger Pockets. Thank you in advance!
Dino,
In my first few years, I was like you and couldn't qualify for financing, because I never had W2 income. That made me get creative and look for off market deals and receive owner financing.
Once I received several owner financed properties, and filed taxes with that income, I was able to qualify for financing.
Welcome to BiggerPockets, Dino!
- Engineered Tax Services
- (561) 253-6640
- http://www.Engineeredtaxservices.com
Quote from @Rolly Weaver:Thank you! Gonna research now on owner financing and off market deals.
Dino,
In my first few years, I was like you and couldn't qualify for financing, because I never had W2 income. That made me get creative and look for off market deals and receive owner financing.
Once I received several owner financed properties, and filed taxes with that income, I was able to qualify for financing.
Quote from @Julio Gonzalez:Thank you! Glad to be here !
Welcome to BiggerPockets, Dino!