Updated over 10 years ago on . Most recent reply
My first investor loan app denied. :(
Hello my name is Juan I'm 24 located in Dallas, Tx.
I'm new to this website and to real estate business. I'm really looking for buying and leasing. Flipping is also on my mind but that all the depends on the deal.
I have some money saved up to but my first investment home but not enough. I went to a credit union to apply for and investment loan and got denied. The reason they said because I don't have no history in no house purchases. My credit score is pretty good (730). So right now I'm stuck :/.
What should be my next move trying to get my first property financed?
I don't wanna try to apply at anymore banks because I know it affects your credit score.
Most Popular Reply
@Juan Juarez, Welcome to BP! I think the best thing you can do starting out is partner up with someone who has experience in real estate investing until you get some skin in the game. You should also try looking into some hard money lenders. Best of luck! Feel free to PM me with any questions.