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Creative Real Estate Financing

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Michael Thrower
  • Real Estate Agent
  • Florence, AL
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REI For Young Father

Michael Thrower
  • Real Estate Agent
  • Florence, AL
Posted Aug 9 2020, 18:30

Im new to investing and credit in general, so finding a loan is going to be difficult for me.

I want to house hack to get started or at least get a multi-family going so i can increase my income and reduce my living expenses.

The wife is more concerned with immediate situations such as getting another car as we only have one. I work and she stays home with the baby, so two is definitely needed.

I think of REI as a kickoff into being able to afford things like a good and reliable car as well as a way to build up my credit and save/invest.

I'm 26 years old and make 14$ an hour at a factory job. I don't see too many people in a situation like mine, so if there are any tips to getting my foot in, all are welcome.

I understand private investors and creative financing are the route i will have to take, but that is a "well without water" currently.

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