All Forum Posts by: Nathaniel Birdsong

Hello community. Here is my situation, I would love some advice/feedback:

I have worked as a full-time real estate broker for several years now and done very well. I have helped several investors and am confident I can find good deals for myself. I am ready to start doing my own investing. I have $35,000 in a LLC checking account. A very small amount of equity in a personal home (I bought it at the beginning of the year), two cars (maybe worth $12k), a small E-Trade account....

My credit score is 670. Mostly this is due to the sell of a home in 2014 that was recorded as a paid foreclosure. I actually sold the house with equity but was behind back in 2012 and so they recorded it as a paid foreclosure. It seems like this is hurting my options (no surprise) but I am being told it makes the idea of buying a home through non-traditional financing methods and then doing a cash-out refi impossible. Will I not be approved for a Refi of an investment (if I want to buy and hold) until seven years after that foreclosure was recorded?

Thanks in advance!

Thanks @Adam Schneider, I will check into both of those. 

Thanks!

Hello! Learned about the site from the best real estate advice podcast (highly recommend checking it out). My name is Nat Birdsong. I am a full-time real estate broker in the Piedmont Triad area of North Carolina. I currently work as the Broker-in-charge for a 45 agent firm. I've had good success in real estate and I want to take my knowledge into personal investing. Still learning as much as I can but I'm actively looking for that first deal. Still need some research/advice into some creative financing options. Looking forward to learning from and talking to everyone in this community. Thanks!

Hello! Learned about the site from the best real estate advice podcast (highly recommend checking it out). My name is Nat Birdsong. I am a full-time real estate broker in the Piedmont Triad area of North Carolina. I currently work as the Broker-in-charge for a 45 agent firm. I've had good success in real estate and I want to take my knowledge into personal investing. Still learning as much as I can but I'm actively looking for that first deal. Still need some research/advice into some creative financing options. Looking forward to learning from and talking to everyone in this community.