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Updated over 9 years ago on . Most recent reply

User Stats

28
Posts
1
Votes
Teresa Miller
  • Investor
  • Tallahassee, FL
1
Votes |
28
Posts

Is this possible?

Teresa Miller
  • Investor
  • Tallahassee, FL
Posted

So here's the situation:

I have a house (mortgage), good credit, and a job- and big Faith! :)

I figure I need $30K to start investing... I know about the no money down deals but beginner investor and it will be a challenge to get funds that way, right now. So my question is How would you try to generate that kind of money? I thought about line of credit, home equity loan, personal loan... But are they really good options. I would like to flip a property or buy a duplex or townhouse to rent out. I realize making money in RE investing is work but I do believe I can do it. I just need to get that first deal under my belt. Any suggestions?

Thank you all in advance.

PS - give it to me straight, if my thinking is off let me know! Thx!

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