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Updated almost 7 years ago,

User Stats

15
Posts
5
Votes
Scott Allaire
  • New to Real Estate
  • Sudbury, Ontario
5
Votes |
15
Posts

Starting out with odds against me

Scott Allaire
  • New to Real Estate
  • Sudbury, Ontario
Posted

Hey everyone I'm a newbie and don't really know anything about real estate except for the few articles that I've read and the ultimate beginners guide on the site. I'm really interested in getting into investing but haven't got a clue how to start and having the feeling of the odds being stacked against me. I've move to a new place for work in Alberta, Edmonton and don't really know anyone but was able to pay off all my debt. Thing is I have a really poor credit score and don't know of any family having money to lend to even start on looking at homes or anything. I've started saving but I don't think it will help if my credit score is shot. So I guess my question would be can I work around my credit score and still get something like sellers financing or should I just try to repair my credit score and how do I go about doing that. I'm interested in multifamily homes and the buy and hold strategy if that would help with the situation. Thanks in advance everyone 

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