REI Just A Little Frustrated, Any Advice? - Posted by Mr. Johnson
Posted by Mr. Johnson on July 06, 2002 at 13:01:33:
I ventured into RE. I subscribe to a foreclosure, Tax Lien and REO list. I’ve established relationships with a Financial Co., and a Gift Fund Co.,
I’ adv in news papers and put up signs to attract home buyers and get them pre-approve by my financial source and gift fund source. The process works pretty good as I am getting plenty of eager home buyers.
My problem is acquiring properties. The main problem is funds or working capital.
I still work a full-time job. I don’t necessarily want to utilize of Hard Money Lender because none will agree to the terms of 3-6 month first initial repayment, or a loan without a property and my credit is not good.