Where do I start? No credit. Very little cash.

[Jonathan Beemer]

Hello, I've been doing cash for everything my whole life. So I'm beginning to build credit now. But my first investment by myself will be in 10 months when I'm back in the US from overseas. Where should I begin? I will have very little credit and some available cash. I'm planning to parter with someone within these 10 months to do 1-2 house flips. Currently looking for awesome deals with houses in Tulsa, OK. that need a 12K or smaller down payment. If someone has properties PM me. I'm interested. But yeh, what are my options with limited cash and little credit?

[John Arcana]

I think it is beneficial for individuals looking to invest with little or no money to find and build deals where they can bring on a partner who does have the cash and structure it to where that partner gets the bulk of the profits. Find your deal, run your numbers, then find your investor partner. Sometimes it's difficult to find someone willing to invest with you if you have little to no skin in the game but if the potential return is good enough and you can sell yourself they may take the risk. For example, you could approach an investor with a deal that conservatively could make $40k. Offer them 80% of the profits while you take 20% for your work and finding the deal. Yes, you'd be taking way less than you would/should under regular circumstances but it could payoff dividends in the future. Yes, you'd only be making 20% for doing all the work but look at what you've gained... an investor for more deals, experience in flipping, and a chunk of money to put toward your next deal. Repeat until you've go to enough cash. The key when going this route is selling yourself and proving your competency to your investor since you don't have the skin in the game.  Good luck!