Flat Broke and No Funds...What to do???

[Jason S.]

Hi Everyone,

Happy Friday first of all!!  I recently got divorced and am up to my eyeballs in debt and my credit score has taken a hit (once a gleaming 750, now a less then great 640ish).   

I am highly motivated and already have direct mail campaigns for multi-family apartments in the mail for the Sacramento area.  I am also hunting down deals for self-storage properties.  

My problem is $$$ money! :(  I am employped full time and make almost $100k a year.  However, as I said the "big D" has left me in debt up to my eye balls!

I have reached out to lenders for a mortgage who basically laugh in my face because I have no funds.  How does one get started without funds??? Where can I get funds??? (and no I don't have friends or family with deep pockets). 

Thanks in advance!!

[Arlen Chou]

@Jason S. if you don't have a support structure to tap into... the unhappy answer is that there is no short cut. You have to invest the time and effort to rebuild it all back up. Get a side gig for extra cash flow, stop all extra spending and live like a monk. At the same time get out to REI meet ups and get your name and face out there. See if you can bring value to somebody that will be willing to bring you in on a deal. It personally took me decades to build up the financial base to get going, but once I did I was able to start making some serious progress on wealth building. Sorry I was not able to give you a silver bullet for your problems, but this is the reality of the situation.