Posted by James on April 03, 2006 at 18:49:54:
- How can I get a bank to loan me $10,000-$20,000 if I don’t have any equity to loan against?
- many banks offer what they call a “Signature Loan” which is guaranteed with your signature and no collateral, but they have a higher interest rate.
As far as question #2 goes, finding the properties takes a little work. Search classifieds, search MLS, drive around, etc. Once you find a property make sure you do your due dillegence when making the offer and tie it up with a purchase agreement. You can put an escapre clasue in it if you can’t find an investor/rehabber to purchas it from you. however, if you got your numbers correct when inspecting the house and repairs you should have no problem finding a taker.
Also search the how to’s here, or find some free e-books on flipping and wholesaling or go to your library and do you research.