What do Lenders look for in, to accept working with you?

[Jesus Cordero]

Hey everyone! I am just starting out and I want to wholesale but also at the same time look for rental properties. The only thing is, I don't have much credit history (about 7 months of credit history) and I have been in my job at the moment for about 8 months now. So my question is if I go to a lender and ask them to help fund me the deal. Will they look at my work and credit history and say no? Or do they just try to see if the numbers fit and they like it and they will do it? I just want to see if I should wait little longer to do rentals or could I hop in now? Thank you guys!

[Peter M.]

@Jesus Cordero Its easy. They want money. And they want proof that you will have the ability to repay via a track record or collateral i.e. property value. If you dont have either, they will turn you down. Simple