Troubles of beginning investor
Hello to all,
I am a real estate investor and I need help/ advice on the business and financing. Here are my problems ,
The last time I put a property under contract, no one wanted the property and the contract expired. Since then I have been able to find properties but either no one wants to buy them or the owners do not want to put the property under contract .
So my thought process changes. Instead the route is now finding the property and going to the banks for a home equity loan / mortgage . I have now created myself an business ( LLC), and now want to see if I can get a line of credit with it .
Any help would be appreciated. The ultimate conclusion would be for me to try and save about 10,000, then go and bid at an auction.