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Updated over 5 years ago on .

User Stats

74
Posts
35
Votes
Anthony Porembski
  • Rental Property Investor
  • Cleveland Heights
35
Votes |
74
Posts

Got capital but credit and proof of income not great

Anthony Porembski
  • Rental Property Investor
  • Cleveland Heights
Posted

Hello BP people!

So I'm looking to get started in the great game of REI! I've spent loads of time reading, watching and chatting with those who have created success for themselves in the field and I'm pumped to take the dive and apply what I've learned! Howeverrr....

I’ve been out of the country for 3 years mainly in Dubai and Europe but will finally be coming back at the beginning of next year. It’s been great and I’m grateful for the experience but I’m worried that NOT having 2 years of employment proof and NOT having stellar credit will hinder my advancements. I’ll have some capital, just over 100k but feel if I get it tied up into a property I won’t be able to take it back out in a refi.

Soo, do I get clever and find the right opportunities to get started, perhaps find a partner who has the pieces I don’t or do I take a solid year or so and whip my credit into shape and lock down some income?

Your thoughts and advice is much appreciated!