Creative financing Charlotte. NC

[James Williams]

Hello BP community! This is my first post and I am looking forward to interacting with everyone. I am new to real estate. My fiance and I have decided to pursue this adventure together but we have some road blocks. We are definitely finding deals here in Charlotte and surrounding areas but have yet to be able to acquire our first property.

Credit is not an issue, we just don't have any savings. We have about $90K in equity in our house and a credit card with a $35K limit and no current balance. I have teo contractors that I have vetted and trust. I have a realtor to help get a property sold when we are ready. Any advice would be greatly appreciated. I am currently gathering friends and family so that we can pool resources acquire some properties in the future, but I would like to do a few fix and flips on my own to get started.

We both work in the restaurant industry and our income has been fluctuating lately. Issues with our jobs have made income unpredictable. That's part of why we are looking to get in on real estate. We would like to start with a couple fix and flips to get some experience and understanding under our belts. Our ultimate goal is to invest in multi unit rental properties to create long term cash flow. I want to build this for long term security for our family.