What Would You Do?
I don't have a lot of money and my credit score is about 645.. before i go any further,,, What type of question or who do i need to go to first about getting money to flip houses. I just bought my primary home less than market value.. (1yr. ago) Am just tryin to make a move,,, am not knowledgeble on what i need to do next.... what would u Do?
str 8 up... advice``` :-?
I reccomend reading. Depending on your area you might get a home equity line of credit to fund your deals.
But read some real estate investing books first.
GL
Put an add in the paper to attract private investors:
"Real Estate investor with proven track record looking for investors who want to make 10-12% secured by a First Trust Deed".
Offer 10-12% interest paid if they fund the deals.
Check out www.AlanCowgill.com He has a great program in finding private money.
Best Riches,
Jeff Adam
[addsig]
what do you mean by flip houses, are you talking about buying fixing up and then selling or are you talking about wholesaling, starting out I would just find the best deals you can , if you find a deal the money will come for whatever route you want to take, whether it's a HML or by assigning the contract without using any money.
thanks for the advice....
Ronniestrick,
You should definitely see how much equity you've built with your house. You could potentially have access to a good amount of money if you've built enough equity. That's what my family and I are in the process of doing to get started.