Getting the No's outta the way

[Devin Williams]

Thus far we have been turned down for financing based on a few factors (by hard money lenders):

1. Lack of experience (in other words this would be our first deal and we're not scared of a project but lenders are another story)

2. Low FICO score (significantly lower than scores reported by credit bureaus I might add - HATE FICO)

3. Location/Area - we don't invest in YOUR community

The hits keep coming.... 

We are not a young couple able to house hack (read 2.5 kids, 2 dogs, 20+ years of married family living) but we do have experience in rehabbing, know our area (one of us used to be a real estate agent turned software engineer loves analyzing a deal), and have a bit of cash reserves (not enough to not require financing). We know its just a matter of time but OHHHHHH the frustration. 

Considering partnering with someone with complimentary skill set sounds like the best option but there are so many scammers out there... also not quite privileged enough to have close relationships with those in a position to offer private investment opportunities at this time. That we know of... time to get creative.

<thank you for reading our vent>