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All Forum Posts by: Dillon Penner

Dillon Penner has started 2 posts and replied 6 times.

Hello everyone I hope all is well! I am a Colorado native looking to start wholesaling! I know with my skill set as a car salesman making calls and finding deals is something I could be great at. I know nothing in this world is free so I am willing to work part time in exchange for mentorship as I learn best by actually doing or being hands on. I could spend money on a course but I’d rather learn from someone in my area and someone I can meet with in person. Also I am trying to save my money for my first property by the end of the year (HouseHack). I’m new to wholesaling and real estate in general but I know this could change my life. I just need to know what I don’t know! If anyone can point me in the right direction I will be forever greatfull!

Thanks everyone for the replies definitively gave me great insight!

Quote from @Crystal Smith:
Quote from @Dillon Penner:

I am committed to buying my first property in 2023, but I am torn on jumping in with 2 feet right now. I am currently around 650 670 credit score and I plan on house hacking with a FHA loan. With current interest rates I am wondering is it better to wait until I am at least a 700 score or better? Or should I not worry too much and just get started on getting pre approved with my credit now? Any pros & cons and help with this scenario is greatly appreciated!


 Get pre-approved now and start looking for a property. While you're looking keep working on improving your credit score.  The perfect scenario is you get a property under contract and share it with your lender, who will then rerun what programs you're eligible for with your new 700 credit score. 

Awesome, makes sense thanks for the input!

Okay definitely makes sense to get some experience while it’s better not to wait and miss out on appreciation, thanks!

Quote from @Bruce Woodruff:

Just get started. ASAP. A few dollars more or less in monthly payments due to the interest rate will not matter compared to you r possible appreciation and just getting some skin in the game and gaining some knowledge...


I am committed to buying my first property in 2023, but I am torn on jumping in with 2 feet right now. I am currently around 650 670 credit score and I plan on house hacking with a FHA loan. With current interest rates I am wondering is it better to wait until I am at least a 700 score or better? Or should I not worry too much and just get started on getting pre approved with my credit now? Any pros & cons and help with this scenario is greatly appreciated!