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Updated over 5 years ago on . Most recent reply

User Stats

9
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0
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Edwin Byler
  • Rental Property Investor
  • Winston Salem NC
0
Votes |
9
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How to get funding as a young investor.

Edwin Byler
  • Rental Property Investor
  • Winston Salem NC
Posted

My name is Edwin and I am a 20yo investor out of Mocksville NC. I have two single family properties so far, both of which I cashed off. I want to purchase a small multifamily property and because I started building credit late, I can't get a loan. I have check with multiple banks and mu job history, income, and credit score is great, I just don't have much credit history. What are the best ways you guys have found for raising money apart from your normal bank loan? Thank you all

Most Popular Reply

User Stats

306
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183
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Chris Salerno
  • Rental Property Investor
  • Charlotte NC
183
Votes |
306
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Chris Salerno
  • Rental Property Investor
  • Charlotte NC
Replied
Originally posted by @Edwin Byler:

My name is Edwin and I am a 20yo investor out of Mocksville NC. I have two single family properties so far, both of which I cashed off. I want to purchase a small multifamily property and because I started building credit late, I can't get a loan. I have check with multiple banks and mu job history, income, and credit score is great, I just don't have much credit history. What are the best ways you guys have found for raising money apart from your normal bank loan? Thank you all

 Congratulations on the purchase of two homes. I live in Charlotte NC. In my opinion. I would work very hard to get credit up. You need great credit to get lending even with large multi-family real estate. Credit is everything. Once you get the credit up. Start networking with high net worth people. 

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