What do I do, Ed? - Posted by Brian H in VA
Posted by Brian H in VA on March 16, 2001 at 10:48:29:
Ed, Scott M,
This is a repost of my reply message, I thought it might be more visible if it stood alone. I hope you don’t mind being approached in this manner ,but I was hoping to pick your brain…I live in central VA and am trying to get started without much luck. I refuse to give up, but I need to be pointed in the right direction. What I’m saying is, do you have any information that you have learned over your experiences that could benefit me? I can’t even locate a local REI club!!! Any help would be appreciated.
What I am specifically trying to do is rehab, maybe even flip if I can actually find a situation like that to work, and resell for profit. My credit is better than average and debt/income ratio is only 17% not including my mortgage, but with my mortgage is 50%, basically, I am being laughed at by my bank when I tell them I want to get a loan for a second mortgage! Should I look into landlording? Anyway I am rambling. I haven’t done too much legwork for properties b/c if I can’t finance, then what is the point?
I am intersted in talking to a local about doing somthing as great as this for profit!!!