I am a wholesaler and spend in excess of 40 hours per week viewing properties and tabulating the other necessary information involved in a wholesale transaction, which would be impossible for an investor with a fulltime job.

It is very hard to get a loan in your situation, and next to impossible to do it with no money down unless you have the seller carry back financing or take on a partner.

Impossible to answer your question.

It is simply obnoxious and impossible to read.

Vasia, While I like the enthusiasm and the fact you are starting out much better off than many, I personally think you are being overly optimistic about how much you can save over 1-2 years. 72k after taxes, especially in California, is not a ton of money that would make it almost impossible to save 30k a year, especially as a young guy of 22 or 23.

Harder but not impossible.

Domenic,You might be able to find him a private loan or an HML with those scores, but it will be very difficult if not impossible to get a permanent conventional or FHA loan done with those credit scores.

While I agree that investing long distance isn't impossible, it is unquestionably more difficult and carries more risk.

However, I agree, with questionable credit, it will be difficult...but not impossible if the deal you select is good.

I qualified easily for a 20K car loan but for some reason getting a 5K loan seems impossible.