0 Money and Fair Credit

[James Austin]

Since I'm brand new to the whole world of REI, I have had a burning question or questions about, the simple fact of have no money and really fair credit, how does one start? In my younger days I was "smarter than the rest" I'd save later and be ok, now mind you I'm 34 this year and I had a bit of an apifiany and realized I need to get in gear and get my future going, I as I said am still learning, so as a student I find myself with as lot of questions. I have found some homes for sale for dirt cheap but my gut says probably not a good deal, and being brand new with no experience and no cash I am wonder if I can still get a lender tog finance a loan or would I just have to wait and build credit? Another question I have is about double wide in parks, can you buy them and rent them or are they are they really not worth the effort? I hope my jumble gets the point across, another thing I'd like like to know is I am a veteran, can a VA loan prove useful? Any information will prove useful. Thanks James

[Andrew Syrios]

I believe VA loans are only for owner occupants, but they might be like FHA loans, where you can buy up to a fourplex. In which case, that would be a great avenue to look into. And while real estate is obviously easier to invest in with money, there are ways to do it with no or at least little money down. The best place to start in that would be Brandon Turner's book which you can find here: http://get.biggerpockets.com/nomoneydown/