Question About Financing
My girlfriend is trying to buy her first home. She wants to fix it up & flip it. Her problem is that her credit is poor to none. Also, she did not meet the requirements to file taxes the last 5 years & she has only been at her current job for about 6 months. How can she get financing with that background, on her own, with little or no money down. She is trying to use this as a stepping stone to a full time business of flipping properties.
You will need to find private sources of funding, or hard money loans that dont check your credit. Both will require some out of pocket cash though, as will any rehab. Check with your relatives, or hock something of value.
You might want to consider bird dogging a couple of properties for an investor to build up some reserves, if she is good enough she will make enough to pay cash for the property.
Good Luck,
Kyle
do you know of any hard money lenders that are reliable? [ Edited by allen30 on Date 10/19/2003 ]