Posted by Anonymous on January 09, 1999 at 18:41:36:
Wow did your followup post speak to me. I had a similar experience
about 2 years ago.
It was about the 6th mortgage broker I had spoken to in around 2 weeks, and I had heard all the negative stuff before, but just the way this particular broker said Whoa! This is colorful!" when she looked at my credit report, made my throat close up and the tears come to my eyes. And here I was a 30 year old woman bawling like a baby on the phone with a perfect stranger. I felt like a complete and utter failure because I could not qualify to buy a house.
Well you are in the right area. I wonder how many investors here BECAME investors because they had no other way to buy a house, other than creatively. You ARE in the same situation as thousands of others. I started to clean up my credit file and educate myself in the ways of creative real estate. I have since purchased the home I live in and one rental property.
I am no millionaire by any stretch of the imagination, but I just put one foot in front of the other until I came to where I am today. And there is still a long ways to go. And I still get frustrated sometimes. But I just use that frustration to know that I can do better and keep growing and improving. You will do the same.
Please have faith in yourself and hang in there, you have a lot of company.
God Bless You