All Forum Posts by: Lisa Holloway

If you haven't already sought out financing...you could also apply for a business line of credit if you have an LLC or some lenders will even accept a sole proprietor with a business license.

I know of such a lender if you're interested.

Did you end up purchasing the property?

Welcome to BP! You've come to the right place if you are looking to network and learn.

I would suggest reading posts and listening to podcasts here on BP. I would also recommend getting involved with your local area real estate investor association.

Welcome to BP!

@Jeremy S. Yes we can fund nationwide.

The lending team from AIA Club will be at Edgar's Bakery at 3407 Colonnade Pkwy, Birmingham, AL 35243 on Tuesday, October 20 at 9:30am. Come meet us in person, and let us know what your funding needs are! Or contact me here or at (256)369-9201

As I'm learning and networking inside and outside of BP, I've been contemplating on a few different avenues in acquiring properties.  I've thought about t old fashion way of fixing my credit and waiting until I can get approved for financing, tax liens, or wholesaling.  I've had an investor friendly realtor approach me, not once, but 3 times at 3 different functions. Each time, she has left a little tidbit about something and it wasn't just the "here's my card, call me"  She seems persistent and each time, it seemed like she had a client with her that she was helping to either get a deal funded or offer a deal. Seems like the kind of realtor I want to be working for me. She has experience with wholesaling and short sales so far from what I know, and the obvious retail.

Me: I have time, but little money, credit score is not the best. Our association does have a lending program, however, I'm thinking if I were to come with a good deal, I may be able to get 100% financing.  My Plan B for seeking financing is to just simply ask a few people I know that have money to see if they want to partner, but now here is where the fear comes in...

Any advice, suggestions...

I have been interested in real estate investing for over 20 years, bought the Carleton Sheets program from a late night infomercial as a single parent living with my parents, had a rental property, but lost it to doing it alone, not having any support, connections, or networking group and making poor decisions.

It has been a bit fearful to want to try this endeavor again, but I must say that getting involved with the local real estate investor association and attending MeetUps has made this "dream" more real.

I joined BP for free to learn what I could. When I attended my first MeetUp, I was told to take my time and figure out my niche. This advice was coming from an 84 year old real estate agent/property manager.  BP is where I first learned about finding a niche. But if an 84 year old man could do it, what's keeping me from getting involved.

I still have not actually bought an investment property as of yet, but it looks as though it's going to happen very soon.  It was brought up in a meeting one time about the chairman needing help with taking loan applications for their new lending program... I raised my hand, and got involved, learning the ropes, felt the fear, but just started doing it anyway!!

Ask questions, do a keyword search here on BP, do a google search on a subject...Just start doing something...Please before you get hooked into a guru's program, research it and make sure it's something you think will add value to your education/business.

Thanks and Good Luck!

LIA INC- COMMERCIAL LENDING

Credit Lines 20k to 200K 680 FICO min. 8% app. App. Fee $100 No Collateral Required.

Hard Money Loans = $50,000 Min., 2 yr or less, 550 min. FICO score. 80%LTV, 12% Int., Pts. 1 to 4, DN. 20%, APP. Fee = $100.

PRIVATE LENDERS : $1.3 Million committed to date. Looking to fund Fix & Flips, no credit scoring. Experienced in Flips important. AIA MEMBERS ONLY…

Can do 10% of required 20% Down Payments for HMLoans!

Find us on www.aiaclub.com

For private lending, the association does require borrower to become a member, but for LOC/Hard Money no membership required.

Can fund anywhere in the US. Contact me for an application or let Steve, Dorothy, or Jack know you found us on BP!

Hi David! Let me know if you still need funding.