I have already done one campaign and would have had 2 sales already however in Massachusetts wholesaling is very uncommon and after days of calling the few I found that can do it get all the info and then never respond. Because of this I need to buy instead of wholesale.
The buildable, camping, and RV lots are extremely easy to sell and get people into bidding wars put here but I cant get a loan!
I Am receiving unemployment due to Corona virus and my credit is 640.
I need a $10,000 or even $5000 loan so I can get at least 1-3 properties but I cant get a loan !😡😡
I try telling them I dont care about the interest rate because I only need the money for the few months it may take for the paperwork and then it's an easy pay off with huge profits after.
I wonder if a peer-to-peer lending platform might work for you. Just an idea if you can't a loan from friends, family or a bank. I also recently watched a real estate guy on youtube you borrowed from his M1 or Robinhood account to get a deal done. Again just an idea. All the best to you.
what is a peer to peer platform? Or are you referring to friends and family?
I just stumbled upon private lenders but they all focus on all real estate expect land unless it's new development lol. But let's see if I cant get someone to help out
There are a few peer-to-peer lending platforms. A popular one is: https://www.lendingclub.com/ but there are others. They loan money for all kind of stuff. I was about to ask or suggest if you looked into any hard money lenders.
Have a 401k to borrow from? Any friends / family that would take 15-20% simple interest on a personal loan from you? Are you typically regarded as integrity-filled within your orbit of friends? You shouldn’t have a problem getting a loan from them, showing them the numbers. Or Cory 👆can help if you can’t get it from them!