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Updated over 10 years ago on . Most recent reply

Brock Y.'s profile image
Brock Y.'s profile image
Brock Y.
  • Investor
  • from Lake Villa, Illinois
  • Member since Jun 18, 2014
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User Stats

90
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48
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Brock Y.'s profile image
Brock Y.'s profile image
Brock Y.
  • Investor
  • from Lake Villa, Illinois
  • Member since Jun 18, 2014
Connect
Brock Y.
  • Investor
  • Lake Villa, IL
48
Votes |
90
Posts
General Real Estate Investing

Buy now on loan or Buy later with cash?

Brock Y.
  • Investor
  • Lake Villa, IL
Posted

So I am able to save around 7K/month. Most of that goes into stocks right now but I have decided to look at SFRs (I own a few duplexes). I only have about 10k in savings and was wondering if I should wait 3-4 months to purchase a 40k SFR cash or should I try to seek out private/hard money? (Conventional is out since I have less than stellar credit, around 690 due to a job loss in 2010 and getting behind on bills).

No issue on income, No issue on DTI, Just a less than stellar credit score. Thoughts?

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