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Updated almost 15 years ago,
First deal ever...any advice?
OK, I recently got into the business...and when I say recently, I mean like 2 months ago. I haven't put a deal together yet but, I was wondering if any of you guys could tell me what you think the most important first step would be. I want to do rehab but, is this the easiest/ most profitable way to begin? I have a numerous amount of questions but, not so many answers.
How did all of you get your start? What steps should I take? I was actually having a few funding issues...great score around 760 but, the income to debt ratio is throwing me off. I'm having a business plan put together with a 5 year projection. I'm trying anything I can think of to get in a better situation as my family is counting on me. Any help would be GREATLY appreciated.
Another thought...should I maybe seek a lender/partner that I could offer 50% of my profit to just to get started? Thanks so much to anyone that responds.
Jason