Posted by Matthew Graves on February 10, 2001 at 22:16:38:
You need to keep working on deals until you feel comfortable. Also, keep looking for more mortgage companies. There are plenty out there with different requirements. And get working on improving that credit!
Matthew
Structuring Deals - Posted by Nito
Posted by Nito on February 10, 2001 at 17:48:24:
Hi, I’m trying to start out in real estate but find it hard to find financing because it’s been hard for me to find real estate that is at 60-65% LTV (for a hard money lender), because I have poor credit. I wanted to also get into sheriff sales, and flipping, but I look in my Sunday paper and get confused, even though I’ve really feel that I need to just jump out there and get started. What should I do?
Re: Structuring Deals - Posted by Dallas Allbritton
Posted by Dallas Allbritton on February 11, 2001 at 11:20:53:
Hard moeny is ONE way to finance deals and with credit issues you need to look at and learn some of the others while dealing with your credit issues.
Ed posted a message that is still out there earlier in the month about 9 ways to fund a deal. I’d suggest you find it and read it. While working on fixing your credit. I’d suggest ICR.