Where to go from here

[Alec Frasier]

I am 22 now, I dropped out of college simply because I don’t believe in the student loans and knew I could do big things without it and always had an eye on real estate.

I started up my own contracting LLC as I have a construction background of about 5 years from concrete to roofing and everything in-between. I have a crew of 3 guys now.

I have a credit score of about 760 and $20k in liquidity that I’m trying to invest.

I had my sights on a deal but found it to be a little difficult to partner with a HML as it would be my first investment for a flip.

I've looked over the option of possibly doing a live and flip/buy and hold to rent out the property and pull out sweat equity to invest in another deal. Would a FHA 203k loan be good for this investment? (Property numbers are in my previous post) Or should I simply hold off on investing until I build up more capital? Canton Ohio market.

My question is, in my position, what would be your move to succeed in real estate and get the ball rolling?

[Remington Lyman]

@Alec Frasier When did you drop out of college? Since you have your own business, you need 2 years of filed tax returns to count that towards your debt to income. I am not sure you can get the FHA 203k loan. Since you are a contractor, maybe you can find an off-market deal and partner with someone who does have the money. In Columbus, Ohio good contractors are hard to come by.