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All Forum Posts by: Thaddeus Scruggs

Thaddeus Scruggs has started 5 posts and replied 18 times.

Post: Low Credit Score/College Debt! Where to begin?

Thaddeus ScruggsPosted
  • Special Police Officer
  • Woodbridge, VA
  • Posts 18
  • Votes 3

@Jean Bolger

Thanks! Means a lot. Yea I starred researching meet up and found one in my area that I will be attending. I'm really into buy and hold but I was kinda skeptical right now due to my credit sand debt to I figured I would try the route @Devan Mcclish mention and try whole selling until I can get my credit back to good standings. 

@Jackie Tan

Thank for the advice. That actually help clear some of my confusion on whole selling! 

Post: Low Credit Score/College Debt! Where to begin?

Thaddeus ScruggsPosted
  • Special Police Officer
  • Woodbridge, VA
  • Posts 18
  • Votes 3

@Deshawn Lewis

Yes! you are absolutly right. Reading and education myself is all that I have been doing lately. I was initially skeptical about starting out with wholesaling since I really do not know much about it but once I get more familiar with this technique I will dive right in.

@Jaquetta T Ragland

Thanks for the advice and yes I have an account with VA Credit Union. One step ahead of you!! :)

Post: Low Credit Score/College Debt! Where to begin?

Thaddeus ScruggsPosted
  • Special Police Officer
  • Woodbridge, VA
  • Posts 18
  • Votes 3

@Devan Mcclish

Ahh yes I see. Yea I started looking into whole selling and I'm starting to see what you mean. See my focus has been buy and hold so I've really been educating myself in that but starting out in my situation whole selling does sound better initially. Thank you and @Deshawn Lewis thank you aswell

Post: Low Credit Score/College Debt! Where to begin?

Thaddeus ScruggsPosted
  • Special Police Officer
  • Woodbridge, VA
  • Posts 18
  • Votes 3

@Devan Mcclish 

That is some great advice, thank you. I will look in to this asap and report back. One more question though, with wholesaling would I not have to get a loan from the bank?

Post: Low Credit Score/College Debt! Where to begin?

Thaddeus ScruggsPosted
  • Special Police Officer
  • Woodbridge, VA
  • Posts 18
  • Votes 3

So here is the deal. I was laid off about a year ago and got behind in my college payments and the debt starting pilling up. I am almost caught up on payments but not quite yet. I have been researching real estate investing for some time and I have said its time to make that leap and go for it. The problem is my credit score is really low and i trying to  get some student loans out of collections. so with that being said a loan from the bank isn't looking so hot. So what is my next option?

Thanks, 

Thaddeus

Post: Hello from Woodbridge, Virginia

Thaddeus ScruggsPosted
  • Special Police Officer
  • Woodbridge, VA
  • Posts 18
  • Votes 3

Thank you all for the welcome. @Paul Timmins Thats awesome, thank you for the guidance I was just about to ask where I could find some like minded people in there area to pick their brains

Post: Hello from Woodbridge, Virginia

Thaddeus ScruggsPosted
  • Special Police Officer
  • Woodbridge, VA
  • Posts 18
  • Votes 3

Thanks for the advice @georgettahowie and thank you aswell @russellbrazil

Post: Hello from Woodbridge, Virginia

Thaddeus ScruggsPosted
  • Special Police Officer
  • Woodbridge, VA
  • Posts 18
  • Votes 3

Hello, 

I am new to BP. I have been following and tracking a lot of discussion for the past few weeks. I probably listen to about 3-5 podcasts a day during work. I am very new to Real Estate Investing but I know from all the I have listened to a read that I am interested in Buy and Hold. I currently work in DC as Special Police Officer for the Department of Interior. Within the next 6-8 years I want to be financially free to work specifically on my business.

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