Want to enter the industry strong

[Christina Williams]

Great morning BP family! I am new to the real estate industry and want to make sure that I do not bite off more than I can chew, while still making headway. I want to have a short term rental, or a multi family unit. I found the perfect one however was denied a conventional mortgage due to having a low credit score. I’m at the point where I have to reevaluate how exactly I enter the industry while I rebuild my credit. Are there any options to help someone in my situation out? Or is it time to enter the industry with a different focus and work my way up?

[Jay Thomas]

Hi Christina! 

Welcome to the investment community! 

My personal and professional opinion is maybe partner up with someone. Join forces and learn the ins and outs with someone you trust and can learn from. Or, maybe go into property management for the mean time. Gain experience as to what goes into maintaining a property for the future, so when you are ready, you can run rather than walk. 

I would love to connect and see what you end up doing. Good luck!