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Updated about 8 years ago,

User Stats

69
Posts
5
Votes
David Yates
  • Real Estate Investor
  • Eagle Mountain, UT
5
Votes |
69
Posts

How will I get funding for my first deal?

David Yates
  • Real Estate Investor
  • Eagle Mountain, UT
Posted
Hi, I want to become a real estate investor and I know with the resources you have on your site, I will be a successful one. However, my financial house is not in order and I want to know how soon I can start pursuing my first house flip. The following are the concerns I have:

1. I have tried a couple of times to get a $3,000 personal loan from different financial institutions to consolidate my credit card debt and have been turned down each time

2. I filed bankruptcy in 2013 and have a credit score in the high 600's

3. I have a student loan of 250K that I'm not paying on because I'm on an income-based repayment plan and my income for 2016 will be around $22,500

4. I personally don't own a home

I know that one can close a deal with no money down, but will the above concerns impede me from getting started on my first deal immediately?

145906

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