Funding for My First Deal

[Zach Fridrich]

Hey y'all  my name is Zach. I'm brand new to real estate investing. My credit isn't the best and my capital is zero, aside from our life savings and emergency fund which is also low. I've tried almost a dozen different lenders, mortgage companies, and other ways to get funding but keep striking out. Either I need a huge amount of money down (one lending company said I need $50k down for a 100k property) or my credits not good enough. Im finding good first deals and I know there's a way to get em with no money and bad credit. Any suggestions

[Tim Johnson]

@Zach Fridrich - much of this can happen simultaneously:

work on your credit.... why not? 

get that emergency fund to the level you need - what if you have an emergency?

find a great lender who will help you get started. Ask yourself.... would I lend myself money?

don't believe every success story on BP about super deals with NO money needed - sure they exist. But listen to the solid advice of investors who have lived frugally and gutted it out... and put in the time studying and finding other investors and mentors. There's the real path...

And if you've read this far....and feel like I'm trying to take the wind out of your sails - you're wrong. The beauty is that my first sentence is correct - all of these things can be worked on right now - and all at once. You could be in a TOTALLY different place within a fews months.... go for it.