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Updated over 11 years ago on . Most recent reply

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Michael Cacovski
  • Merrillville, IN
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Investor Newbie, where to start?

Michael Cacovski
  • Merrillville, IN
Posted

I have a little bit of capital saved up, about 10k, I was debating on taking the avenue of wholesaling, already made 50 signs, I have business cards, flyers and ads all over the web, but is there a more profitable avenue for me since I do have a bit of cash to play with? I know it's not a fortune by any means, but could it be enough to do a different investment strategy? Any response would be appreciated

Mike

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James Vermillion
  • Lexington, KY
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James Vermillion
  • Lexington, KY
Replied

I started rehabbing a few years ago with a similar amount of cash and a business partner who brought the same amount. We also found a lender (local bank) willing to lend rehab costs and purchase price (with only 10% down). Those terms are not very common, but I would say it is worth checking with local and regional banks to see what options are available to you. Do you have any friends or family that might be interested in working with you or loaning you some additional cash?

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