Updated about 6 years ago on . Most recent reply
Need motivation/ early on struggles
Hey BP community I need some help. I'm a 20 year old new investor who is trying to complete his first deal. I have a solid wholesaler in Philadelphia and I also have a HML who will cover 90% of the deal. I was planning on using a PLOC to fund the initial 10%. I just went to my bank(longest account with them) and I didn't get qualified. While making 2k per month it seems like my best option is to wait until I either make more money or until I have that 10% saved.
Really got a lot of work/information put into this industry and while I have almost every other part, I don’t have the 10%. Really bumped out because I recently had a great amount of success with systems I have breaking down deals, networking to build team members, etc and don’t really know what do to do.
The properties range from 50k-150k so the 10% will obviously change. Any tips or things to help me stay motivated would be great.