Great Credit & Money Looking to Get Started - Posted by Mike

Posted by Kevin on September 26, 2003 at 14:43:58:

check with local real estate investers, find out who owns most of the rental real estate.

Great Credit & Money Looking to Get Started - Posted by Mike

Posted by Mike on September 17, 2003 at 23:54:08:

Myself and a few college buddies have decided to get started in the re business. We have read a few books and a couple of us have invested in sfr before.

We are trying to decide between sfr or purchasing re notes. My question is since our lowest FICO score is 620 and our highest is 750 how can we best utilize these scores to maximize our investment possibilities. We all have good stable jobs and have even considered self directed IRA’s but you can not recieve any of the cash benefits without the tax hit. Along with our scores we have $50k cash to work with and come up with more.

Also, one of our friends is a home builder that is willing to work with us but we can not figure how to make it all work.

A little direction would be helpful. We want the cash flow from investment properties, but we are not planning on quiting our jobs to be full time investors, we simply want to utilize our scores and our funds to our advantage.

Deals - Posted by dave

Posted by dave on October 21, 2003 at 15:52:05:

I have more deals then I can fund. We are in Chicago and if you are still interested would love to talk to you. We buy and rehab with cash and then refinance and hold for cash flow. Lots of opportunity.

Re: Great Credit - Posted by Sterling

Posted by Sterling on October 08, 2003 at 22:54:37:

Congratulations to your friend with the 750 score. He’s in the top 40% of the population. But the one with 620 is in he bottom 25%.