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Updated over 10 years ago on . Most recent reply

User Stats

9
Posts
7
Votes
Chris Hamm
  • Renter
  • Killeen, TX
7
Votes |
9
Posts

Lending to Someone with Nothing

Chris Hamm
  • Renter
  • Killeen, TX
Posted

I've checked out quite a bit on here and my question seems to be only partially answered for my situation. So, here's my question as it fits to me:

I have no backup money; I rent my house; my car isn't paid off yet. As far as personal property goes, I own nothing.
I do own a business, currently undergoing a change from sole proprietorship to LLC so that I can open up a second business under the umbrella for REI, but that's neither here nor there.

My question: where do I even start to find a lender to help me on my first REI? Again, just imagine I have absolutely nothing but time, sweat, and a high level of motivation.

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