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Updated over 10 years ago, 08/30/2014
Where would be a good place to start looking for a loan?
Hi, I've got bad credit, no assests, but I know construction. I see homes here around the Cincinnati, Oh area, which are selling for under 10k, (I've been watching one up for auction, starting at $2,500 with a reserve of $5,000.) homes which in the right hands, (mine,) with enough capital, could be flipped for $100k plus. I have been looking for a loan of $50k for some time, but all I get are scammers. I am not from this area, I am here because my wife's mother is dying. None of my family are in the position to lend money of any amount, and for my wife's family, none of them are either, in fact, we help my mother-in-law out financially, as she is struggling her self. I know nobody in this area whom have this kind of capital, the people who assist us, threw the Va as I did 5 years in the US Navy, seem to have no clue what I'm talking about. Most of those people have a hard time wrapping their minds around the idea that I have no substance abuse issues, as most the veterans they work with do.