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Updated about 6 years ago on . Most recent reply

Michael Jones's profile image
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Michael Jones
  • Member since Jan 6, 2019
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Michael Jones
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Michael Jones
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Wholesaling

Starting out with no money

Michael Jones
Posted

I am wanting to get started, however I have been told that in my state OK, wholesaling has to be done with the intention of buying the property. I am not wanting to use my credit( due to debt to income) and dont have much cash under 10k to use. Is there any way to obtain financing through you llc?

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Daray Olaleye's profile image
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Daray Olaleye
  • Real Estate Investor and Business Coach
  • from Houston, Tx
  • Member since Apr 17, 2016
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Daray Olaleye's profile image
Daray Olaleye's profile image
Daray Olaleye
  • Real Estate Investor and Business Coach
  • from Houston, Tx
  • Member since Apr 17, 2016
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Daray Olaleye
  • Real Estate Investor and Business Coach
  • Houston, Tx
77
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Daray Olaleye
  • Real Estate Investor and Business Coach
  • Houston, Tx
Replied

@Michael Jones Yep, you need an equity partner, it's the easiest route. I wouldn't try to get fancy acquiring financing through an llc. 

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