All Forum Posts by: Glenn Curry

Hey guys, I had a quick question. When you first started off in real estate investing did you start off doing wholesaling, flipping, or house hack? I guess I’m at a little bit of a dilemma and I don’t know what to do. So here’s my situation; I have about 20k on a credit card but I don’t want to use it towards renovations etc because I don’t want to hurt my credit score and plus I don’t think it would be a wise decision to make. I currently bank with Navy Federal (IF ANYONE HAS EVER BANKED WITH THEM PLEASE GIVE ME SOME INSIGHT.) and been thinking about making a business plan to get a business loan with them is this a good idea? My lease isn’t up until next July, so should I just wait until then and just wholesale and stack my money and do a house hack or should I still move foward with the business plan and try to get the loan. Also is the wholesaling as easy as people make it out to be? If anyone has ever been in this situation please give me some advice on what you did or pitfalls to look out for.

Hi my name is Glenn, and my wife and I are looking to do our first BRRRR deal in the beginning of 2019. We stay in the chicagoland area. The problem that we are running into is funding the renovations. We thought about using credit cards to fund the renovations but don’t want to risk damaging our credit score to do so. Also, we believe we can do a conventional loan and pay the 20% down payment but the renovation cost is what we will have trouble coming up with. Any suggestions would be helpful. Hard money is our last option and we don’t have friends or family who will lend us the money. Anyone who’s ever been in this situation, what did you do?