Cash.
Hello everyone,
I have been reading about REO for a couple months now and figured out my place. I want too buy houses and flip then and when I have enough money I would like to rent one. sell one. and follow that. This is just my blueprint in my head.
My big thing is money. I have GREAT credit but I only work full-time seasonal and will be ending sometime in November and will begin work again in March. I Have been trying to find another full-time job but unemployment is at it's worst currently.
My parents do have a house which my name is on so would a line of credit work? I just need to be able to get a loan to buy the house and too make the repairs, I can have a down payment which would be %3.5 and can pay the bank back but I know lately banks have not been giving out such things and credit cards to younger people. So what would be my best option? I can't tell the bank "Listen, I can pay you back even though I don't have a full-ime job all year round".
So my question to BP.. How can I get started with my future by getting a loan?
Thank you so much.
