New Investor with little cash and underdeveloped credit score.

[Robbie Knecht]

So I am new to real estate investing and have been reading books for some time now and recently signed up with my local REIA. I am 19 years old so i havent really established a credit score yet and have saved up about 6k. I am looking to do my first real estate transaction and am stuck between buying a duplex and living in one side while i rent out the other, or trying to flip houses. the only problem is the financing part, im not sure how ill be able to finance a rehab flip with only 6k. I could use some tips and help. anyways thanks for reading my post and hope to hear from you guys soon! Thanks!

[Char Prado]

Money and Credit is a crutch! You need to read up on "Creative Financing". Join your local REIA club, go to "meetup.com" and look up your area. Creative financing is lease options, seller financing- they're the bank, partnerships, Joint Ventures.

If you can do deals without putting your own credit/money at risk then in harder times you will also be successful.

If you depend on credit/cash then when the hard times come and you don't have either, you're out of options...

Click on the LEARN tab above and check out the "Podcasts", you will most likely learn everything you want to know.

Family and friends can also be a great resource.

Good luck!