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Updated over 12 years ago on . Most recent reply

User Stats

26
Posts
3
Votes
Shane X.
  • Real Estate Investor
  • LI, NY
3
Votes |
26
Posts

I have my plan... Except

Shane X.
  • Real Estate Investor
  • LI, NY
Posted

I don't have my funds.

I am currently still a college student with no loans to pay off (college loans) but to have a truck loan that has been paid of every month on time. I also have a very good credit score for my age (23).

My Plan: Rehab a house (This is what I want to do) I have a set plan on paper along with a very close contractor

My situation: I do not have a full-time job, my only work is during the summer; so my problem is if the bank does not see that I am making enough money their going to tell me how will I be able to pay off a loan.

So, what will be the best way (if their is any) to be able to get a loan or a sum of money to be able to buy a fixer-upper and to rehab the whole house. I do have 6K saved and can prob get another 6K from my parents to begin with.

Any advice and suggestions would be greatly appreciated.

Thanks

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