All Forum Posts by: Lauren Lockett

@Monica Miramontez

All the information above is what you need! You asked about credit and yes, it's possible to begin your real estate journey without good or great credit. I'm not sure where you are, but I spent time this week talking with lenders. 620 and above should be able to get you conventional financing with the lenders I spoke with and 640 and above for FHA financing. Outside of going a "traditional" route, I've read on private lending, owner/seller financing, and a heap of other ways to get funds for your projects.

Just as @Brooks Rembert mentioned, use the search tool in the upper right and literally type in financing with good credit or poor credit. I've found an answer to pretty much everything I need! 

You certainly need to invest your time and resources in repairing your credit. I've gotten mine above 750 now so it's very possible with discipline and determination, all the ingredients you'll need to be a real estate investor anyway! Good luck! 

@Kobe Lewis

Noticed you were in the DFW area and had to reach out! I'm brand new, but can maybe point you in the right direction...You want your realtor to sell a property on MLS, but you'd also like to get paid? Is that right? Do you own the property? Did you find the property? Are you wholesaling? Just trying to understand!

http://www.biggerpockets.com/renewsblog/2013/08/07...

Found a blog post while reading today! 

This is awesome! Thanks for thinking of this & for the heads up @Karen Margrave! 

@Stephanie Dobbs

Congrats on taking the first step by joining BP and getting involved in an avenue of real estate! I think it takes a lot of courage to bounce back! I'm especially excited for you and your unique background and experience you've already got! 

Check out forum posts related to what you're interested in by searching the site in the upper left. All the avenues already mentioned are great assets. The Learn and Network tabs are my favorite as I dedicate time daily to educating myself. 

Wishing you the best! GO FOR IT! 

Welcome to BP! 

@Thomas John Cloud

Best wishes on your success. If you ever need anything in DFW, let me know! For more networking opportunities, be sure to check out the Network tab above along with commenting on posts, being responsive, and interacting with members! That's exciting. Let us know your progress along the way. I'm interested in wholesaling to learn more about REI and earn capital to cash invest.

@Ryan Koehler

Oh what to do what to do? You can give me the money!!! :) 

I kid. But you're in an amazing position to start! I haven't begun real estate investing as of yet, but I've begin reading and listening to these forums. I go out and explore. Karen is right in saying that there's soooo much to consider. Taking that leap of faith! With what I want to do, if I were in your position I'd use the $20K to pay off my condo. Other investors would use it as down payments on other properties, use the money for mass marketing, the options are endless. Best wishes on your success! 

@Logan Hassinger

Hope the deal goes well! From what I hear HEB is a nice area. 

@Jeff Hollins

 Congrats on your first property under contract! 

Do the thing and you will have the power! Great inspiration on how action propels us forward! Can't wait to hear the rest!