I am in need of evidence

[Molly Krief]

Hello to all you investors out there. 

This is my story:

Me and my husband came from israel to baltimore to be real estate investors. I studied for three months in Israel on line, learning all there is to know about the subject. Paticuler about fix and flip.  

Now we are here and we are finding it difficult to get a hard money loan.

We have a grate deal, but the hard money lenders I spoke to don't even want to here about it. Thay here about no incom, and my cradit schor that is nothing right now. And asking for 20% down.  Witch is a problem for us, because we are living on are savings. 

No one is taking us seriously.

Need advice

Thanks

[Donald Tepper]

With all due respect . . .

You spent three months "learning all there is to know about the subject. Paticuler about fix and flip." And yet, even after learning all there is to know about fix-and-flips, you didn't learn anything about how to finance the deal. Really? If the rest of your knowledge is on a par with your knowledge about financing, you're going to run into some problems when you actually find a deal.

Next, Steven Wiggs was being very polite about checking your spelling. Here's just one of your sentences: "Thay here about no incom, and my cradit schor that is nothing right now." I would seriously question whether you'd be able to fill out a contract. No, I wouldn't question that. I'm confident that--as motivated and intelligent as you may be--you don't have a sufficient command of English to fill out a contract.

Next, you have no job. No credit. No money. And no experience. No wonder no one's taking you seriously. I agree with Seth Sherman: Get a job. Establish credit. Save some money.

Tip: You think you have a deal? OK. Put it under contract and try wholesaling it. If it's really a good deal, you won't have any problem wholesaling it. No, you won't make $30,000 or so on the deal. You might make $3,000-$6,000. But do a few of those. Find out what rehabbers are looking for. Do that for a year or two. Then you might be ready to get into rehabbing.