Purchasing First Investment Property

[Garcia L.]

Hi guys, I'm a newbie and very interested to learn more about real estate business. Please guide me along the way. Thanks. I just started my exporting business not long ago. Every month I've no income and very little money in my bank account till the day my business starts to make money.

I've been wanting to buy real estate and hold on for monthly cashflow but due to the fact that my business is not making any money yet, I seriously doubt any bank is gonna gimme a 90% or more loan to purchase investment properties.

The question is: How can I do it?

I could be wrong but I was thinking of doing wholesale aka flipping which will able to make some decent amount for the downpayment in my first investment property. All comments are welcome. Thanks.

[Eddie Ziv]

One small observation note. You mentioned that you have a business that doesn't make money yet, which to me means that it's a new business. My two cents would be: concentrate on your new business and make it successful first. Venturing into other areas, such as real estate, would take away your time and resources which you need to make that business successful.