50k start up loan

[Ashley Holden]

I'm just starting out and I figure I need 50k to start the BRRR process. My credit score is in the low 600s. I just brought a duplex. Not know much anything at all I messed up and brought my duplex with no equity left on the property. Any information would be helpful. I have found a really good property for sale by owners. It's in really good structure condition in a decent neighborhood. Are there any companies that I would be approved for a 50k startup loan?

Thank you.

[Jimmy Warr]

@Ashley Holden  Do you have a separate business with consistent cash flow?

When looking for start up cost, its typically required to have an existing business with a good history, which would entice a lender to give you money against it.

My PERSONAL opinion is a little tough. Improve your credit 1st. It took me a year to do this, but it has certainly paid-off. You should always want to have the option to fall back on traditional financing. i hope this helps.