Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

1
Posts
0
Votes
Olivia Moore
  • Real Estate Professional
  • Spring Hill, FL
0
Votes |
1
Posts

Newbie Here with some investment questions!

Olivia Moore
  • Real Estate Professional
  • Spring Hill, FL
Posted

Hi everyone! I am very interested in investing in real estate. In fact, I have already purchased my first home back in January of 2014 (FHA), a modest starter home. What are my options for "my next step"? It was not planned, but I quit my day job for personal reasons and actually started studying real estate. I am finished with the course and take my state exam next week. Fortunately, my significant other lives with me and helps pay the bills, so I can rest *somewhat* easy until my first commission.

Anyways, here is my dilemma and where I lack knowledge. Now that I will be "self-employed" or an "independent contractor", will this hurt my chances of investing in another property? Ideally, I'd like to keep my current residence and purchase a second piece of property, preferably a duplex. Is this an impossible scenario? If so, I can always sell my current home, as values have significantly gone up -- but when I get another loan, is the fact that I am self-employed now going to be an issue?

Suggestions? Feedback? 

Loading replies...