I am looking to buy distressed properties but don't know how I would finance it. Can anyone tell me the best way to go about this? Should I be doing this with cash or use credit cards, loans, etc. ?
Rental Property Investor · Auburn, WA · Member since 2015 · 110 posts · 33 votes
6y
@Jatsons Mateo Hello Jatsons I have financed mine through VA -Rehab loans. That I know is not available for everyone. My next step is private money lender and then exit strategy I have a VA Loan pre approval in place for the remainder of my entitlement. Whatever you do don't give up look for creative way to make it work in your market. I was stuck in that phase of what to do next in my market which is somewhat expensive. But keep digging and networking and get involved with ReIA in your area. I have found that a closed mouth does not get fed. So my mouth is always asking questions and willing to listen other people's stories , there success and there failures. I would be careful with credit cards I have heard there is a lot of stress that comes with that method as well.