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Updated almost 10 years ago,
No money down, medium credit score?
Hey Everyone, I wanted to know if anyone knew how I would be able to invest in real estate with no money down, and medium not so impressive credit score. I'm a college student and am trying to get into rentals. Just not sure how I can do it with little to no help at all with investing. I'm trying to start off with a home in the range of $20-$30,000. I'm capable of fixing things up myself.. Would wholesaling be a better choice if i'm just starting out?
(Other Questions):
-What would the obstacles be and how can I move around them?
-Should I look at for sale by owner properties? If so what should I ask them so they would go for my offer.
-When I call on properties what questions should I ask the owner or agent, so I don't end up with a faulty home full of hidden surprises.
-How can I market/ advertise the property so I can get a renter in asap, or how can I attract investors looking to buy from me if I were doing wholesaling.
Hope this makes sense, i'd really appreciate comments on this post.
Cheers,
Andrew.