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Updated over 5 years ago on . Most recent reply

Account Closed
  • Real Estate Investor
  • boston, NH
32
Votes |
401
Posts

with no money no credit

Account Closed
  • Real Estate Investor
  • boston, NH
Posted

im full time in college

bout $300, no job, no credit(got denied card) is there any way i can flip houses?

how do i find the money to start flipping? i talked to banks and got denied, and credit card and got denied. i know the solution is getting a job. but till than if i were to find a house that was a great flip how would i find the money?

is another investor or family member the only way for me to find funding?

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Richard C.
  • Bedford, NH
1,614
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Richard C.
  • Bedford, NH
Replied

No job, no credit, no experience?

You're not flipping anything real soon. Sorry to be harsh, but it is what it is.

Some will suggest wholesaling. I hate that suggestion for new people, because keeping yourself out of trouble and actually providing something of value as a wholesaler is not beginner's work.

I suggest you learn, read, bide your time and wait until you get out of school and get a job. And by "learn" I don't mean study up on sub-2s, creative financing, assigning options, etc. I mean learn how credit works, build a decent FICO, learn about various conventional financing options, etc.

Then 3-4 years from now, when you are out of school, have a job, good credit and a few thousand dollars, go shopping for a Homepath duplex in Claremont or Newport

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