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General Real Estate Investing

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Emil A.
  • Real Estate Investor
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I need some advise

Emil A.
  • Real Estate Investor
Posted Jul 1 2009, 07:52

Hey all,

I've been reading up on real estate investing for a while now and i was just about getting ready to purchase my first residential property. However, I am at a dilemma at the moment - and due to the lack of experience i hold, i would appreciate any advise from more experienced investors.

I found out yesterday that I didn't get approved for any loan. All the research and work that I've been doing has been directed towards this kind of a purchase and now that the loan is not working out, I am a little stuck here. Without the loan, I don't know what direction to take as far as investing in real estate. At the moment, I have $24,000 cash to work with. I've been considering going to the tax defaulted property auction that i mentioned earlier and purchasing from there, but do you have any other suggestions of what else I can do from here?

I appreciate your advise

Emil

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