I spent half my day looking at loan apps. on the web because I want to be pre-approved for a loan before I make an offer. That way I’m not wasting my time looking for the money after I have a property under contract. But I’m not sure if even a HML will lend to me. I don’t have any money for a down payment and I’m self-employed. Also, my credit score middle number is 585.
Since I’m new I don’t have any experience investing in rehabbs but I do have the experience in rehabbing. If I had an investor who would just put up the $45k and make 15% on his money, then It would be a lot simpler on my Part as far as the red tape of lenders.
So my question is would any investor be willing to give me a chance at making us both some money. I have a good understanding of REI from the information that I have gathered but, I could still use an investor/mentor that I can role model and accelerate my progress in investing. Could someone give me some advise, please, on how I should go about this? What are some of your experiences?