Community Property State!

[Leroy Chandler]

Hello everyone. I was so close in investing in my first investment property. I was approved for 400k. Due to Texas being a community property state and adding my wife on I was denied. It sucks how this works. Now I have to save capital which will take extremely long. At least 3 years to get my first property. Does anyone have ideas on raising capital so I can move faster? Thanks in advance good people!!

[Jeffrey McKee]

Quote from @Leroy Chandler:

Hello everyone. I was so close in investing in my first investment property. I was approved for 400k. Due to Texas being a community property state and adding my wife on I was denied. It sucks how this works. Now I have to save capital which will take extremely long. At least 3 years to get my first property. Does anyone have ideas on raising capital so I can move faster? Thanks in advance good people!!

Hello! I'm not a financial advisor, but here are some general ideas on raising capital that you can consider.

Find a partner or investor who can contribute capital.

Explore private lending as an alternative to traditional financial institutions. Private lenders often have more flexibility in their lending criteria and may be willing to work with you based on your investment plan and potential returns

Join local real estate investment groups to connect with experienced investors who can provide guidance and partnership opportunities.

it's also essential to consult with a financial advisor or real estate professional who can provide personalized advice based on your specific situation.