What to do with bad credit and low cash reserves

[Luke Nam]

Hi everyone first off very excited to be on here and excited to learn more about real estate investing. My situation is kinda weird as I started out in real estate about 1 year ago, I got into short-term rentals and have one right now that is producing about $60,000 a year and about $3,000 in profit every month other than the slow seasons. But when I started out I spent too much on furniture and had to use my credit to finance it. Right now, although the house is producing good cash flow I haven't been able to pay off my credit because I've been paying my parent's medical bills and so on and don't have much left to put back into investing. I recently also got a sales job as a life insurance producer to help pay my debt faster. Currently, my credit score does not qualify me for any loans since I am 23 with bad credit. I'm very motivated and an actiontaker. Right now, looking to find a fix and flip deal but have just really been thinking of how I would finance it: private investors are what I'm considering most. I'm also eligible for a VA loan as well if that helps me. Any advice on what a veteran investor would do in my shoes would be very helpful thank you.