So I found this great deal. A property can be bought for 70K but is worth 4 times the amount. It can be easily sold for 250K. Great right??? I know, I am salvating just thinking about it.
Here is the problem. I ain't got 70K and my credit is lower then pretty much anyone I know. So how do I finance it.
I went to the small local bank and asked them for a loan. They pretty much told me that it is not going to happen really. I went to hard money lenders. They all want at least 20% down. I tried friends and family. They all looked at me like I was asking them to jump off the roof of the building. Long story short... I need help!!! I lost a job, so I have not gotten a penny to my name. I have no credit, no money, but this deal is too good for me to just let it go.
And honestly, if I won't be able to lock this deal up, I will pretty much walk away from real estate for good. I need your help guys and gals! Any advice would be helpful... If you want to donate to my charity, be my guest... LOL Just kidding.
Thanks everyone in advance.
-- TIME IS A TERRIBLE THING TO WASTE, SO STOP WASTING IT --