New to investing
I’m a 56 year old man who has never owned my own house or business I recently lost my job Due to it shutting down.My credit score has plunged to a 490 due to having to take a lesser paying job and not making enough to make all my bills through the months.I want to start investing in rental apartment buildings.How does a man get started in this type of thing and get financing on my first time to buy an apartment building that I have already found ???
You can ask the owner to grant you a seller financing loan. Best of luck to you and I am sorry for your hardship.
Thank you so much for your question, Stanley. If you’re interested in buying a rental property, check out our guide to flipping houses with no money down. In addition to using a private investor, wholesaling is a great option because you don’t have to have good credit or loans and it requires less money than traditional methods.
For more tips on buying your first rental property, visit our list of tips from real estate pros here.
Best of luck in your new venture,
I vet for wholesaling. It is a good way to get started in RE without big capital or experience. I’d suggest you to read a book called “If You Can’t Wholesale After This: I’ve Got Nothing For You” of Todd Fleming and probably follow any articles here along with BiggerPockets. Good luck in your real estate ventures
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