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Updated over 9 years ago on .

User Stats

103
Posts
85
Votes
Jarrod Frankum
  • Wholesaler
  • Lubbock, TX
85
Votes |
103
Posts

Getting funding for a flip for a beginner.

Jarrod Frankum
  • Wholesaler
  • Lubbock, TX
Posted

Hello. I am college student, graduating in December with a mechanical engineering degree.  Outside of my college loans, I have no experience with getting bank loans, hard money etc..  I do not have a credit card, nor any credit built.   I am researching properties and am curious exactly what I should do to approach someone to fund the loan.   I am familiar with how the BP flip calculator works, so I know I could use that to as some credibility to show how a flip could be profitable to a lender.   At this point I feel that my only barrier is just getting my first deal under my belt.  

I would of course appreciate links to forum posts/podcasts, as those are helpful to some degree, but as far as practical advice, what are some steps I should follow after I have found, viewed and inspected a potential property?

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