Okay I have been on the site for sometime now and I have gained so much knowledge just from reading others post and posting some of my own. I am still in the starting postion......I am ready to go but, I got a problem no money and fair credit.
Okay I live in OKC and I have been researching our market. One thing that is big here now is Owner Financing. It seems like this is a great place to start in my situation. I think this will be my first project.
I have been looking at single family homes 2/1 and 3/2/2; along with mobile homes. I am very interested in buy and hold; and property flips although with this market it does not seem like flipping is a good option.
I have to get out of the starting block and move forward. My first step is to establish my business structure, and from what I can tell I need to get a DB#, and open some accounts to start establishing some business credit. The credit at Lowe's and Home Depot will help with repairs. I have been in search of small local companies that offer in store credit (not many around at this time).
I thought about working with partners for the first 2 or 3 years to establish some ground before getting out there by myself....that is maybe my security blanket...really playing it safe.......
I need some advise...should I go through the academy?
Brownstone Investment Group
Job 22:21 Submit to God, and you will have peace; then things will go well for you.
Job 22:28 You will succeed in whatever you choose to do, and light will shine on the road ahead of you.
Deut 28:8 The Lord will guarantee a blessing on everything yo do and will fill your storehouses with grain. The Lord you God will bless you in the land he is giving you.