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Updated over 9 years ago on . Most recent reply

User Stats

10
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2
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Eric Smith
  • Investors
  • Groton, CT
2
Votes |
10
Posts

Why is it so hard

Eric Smith
  • Investors
  • Groton, CT
Posted

Why is it so hard to find funding when you have bad credit.  We are trying so hard to accomplish our goals in becoming great Investors.  What is it we need to do to get off our feet.  We are finding as much as some people are saying they don't go buy your credit they do.  Please help us figure out what we can do to start flipping houses.  We do not expect to become rich overnight, we know that this type of business does not allow that.  Please advise.

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Most Popular Reply

User Stats

217
Posts
65
Votes
George Smith
  • Investor
  • Latham, NY
65
Votes |
217
Posts
George Smith
  • Investor
  • Latham, NY
Replied
Not saying it can't happen but starting out with not enough cash and bad credit is a possible but very steep climb. How long have you networking with other individuals? If you haven't already I would start attending as many local REI meetings as possible. From there, you have to build relationships and possibly not make much on your first deal to earn the trust of others as well as learn the ropes. If you can break even on your first deal, consider it a paid education.

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