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Updated almost 14 years ago,
Home Equity Loan
Hi everyone,
I have over 30 years experience in the home construction field.I have owned and operated a small remodeling business for the past 20 years.I own a home that is completely paid for,no mortgage.Wanting to get in to buying,rehabbing and selling homes,there's some good deals here in my state of South Carolina.My income for 2009 was not very good because of a health problem($10,000 range)had to live off of savings,2010 was a bit better($30,000 range).My health problem is over,and I'm back to work.Do I have a chance in heck to get a home equity loan in today's world to help me get started in real estate investing? Because of my unstable income? My credit score is 760+.Also looking for like minded people in the Charleston,SC area that are starting out,maybe we can help each other.
Thanks to all,James