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  #1  
Old 09-20-2006, 09:00 PM
fenceo
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Default Need ways to meet lenders

What is the best way to meet lenders that is interested in a young person for the first buy wanting to resale in 2 months or so. My credit is not all that much because of my age. The property around here is around the 40-60k range for foreclosed homes.
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Old 09-21-2006, 08:03 AM
Ole_chilli
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Quote:
Originally Posted by fenceo
What is the best way to meet lenders that is interested in a young person for the first buy wanting to resale in 2 months or so. My credit is not all that much because of my age. The property around here is around the 40-60k range for foreclosed homes.



I wish I could suggest a way ..

but with your age and no established credit it looks bleek .

do you have any established work and residence for 2 plus years?
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  #3  
Old 09-21-2006, 08:42 AM
fenceo
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about a year and a half on both.
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Old 09-22-2006, 02:21 PM
Ole_chilli
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Quote:
Originally Posted by fenceo
about a year and a half on both.


well your best bet is a home town bank where you are your family knows someone
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Old 09-23-2006, 08:44 AM
fenceo
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ok that is what i figured. thanks
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  #6  
Old 11-07-2006, 09:32 AM
yunghova35
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Hard

Money

Lender
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  #7  
Old 11-13-2006, 09:46 AM
BrandonModrov
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A hard money lender is a good idea but can be expensive. I am also young. Instead of purchasing properties and becoming a landlord or rehabber I learned how to wholesale properties.

I turned a problem into a profitable business. I was interested in real estate at a young age but I couldn't get financing because I was too young. I then learned about creative real estate investing, specifically wholesaling and it has been great ever since.

You should look into doing that rather than purchasing a property.

If you have any questions I have no problem answering them for you.

Brandon
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