Hoping to build my first deal. Any and all advice is welcome.

[Travis Bryant]

Hello BP. I'm hoping to get an idea of the best way to approach of my goals where better to turn to than my friends at Bigger Pockets. I'm a new realtor in SLC utah and I'm looking at buying my first home in the next 3 months. My wife was let go in December but has since been hired by a bigger company and we went from making $40 to $75. Doing great now but the end of last year set us back. I can get a loan but I have no down payment and $21k in CC debt pulling my score below 700. I'm about to approach a few friends and family I feel have high levels of cash or equity and hope to structure a deal. My goals are to consolidate my debt with the equity in a house I'm going to BRRRR. My inexperienced thoughts; get a $21k private loan from cash or heloc to clear cc, offering interest opened up from the 15% rates on the cards. That raises my credit high enough to apply for a no mortgage insurance loan. Then start to BRRRR. I'm open to suggestions and I'm aware of the liability getting the loan with exit no deal in sight. I'm open to fun ideas and any investors wanting to help or join.

[Amy Kendall]

@Travis Bryant What is your current living conditions?  You could consider doing a house hack or a live in flip as well if you aren't set on staying wherever you are now.  I would also recommend tackling your bad debt as soon as possible, pump all the extra money from your wife's new job straight into that debt.  The tightest budget my husband and I ever lived on was as we were saving up for a down payment to start our investing future.  In the meantime, work on finding those good deals.  If you do find a good enough deal, I'm sure you will have no problem finding investors willing to jump in and help out.  Good luck!