Chosen by Asker

Just go to a lender and see what they say you can borrow. Don't hide anything but with the 2 ok scores and combined income you may be ok to get a pretty good sized loan. I've got to say one more thing. I'm sure you are all 3 industrious and I wish you the best, but after entering into several partnerships and seeing a lot of others, let me warn you that its very, very rare that all 3 of you will end up contributing the same and being equally persistent in this venture. If you could go it alone (or even with just one partner) that would be best, as I've seen lots of these partner ventures fail, and very few really work out. The only time I've seen several partners work is when they were married or life long friends or even siblings. Or when they each brought something special to the table (like one put up the money, the other did everything else - or one was an ace realtor the other an ace contractor). I'd bet that a full 90% of this time this does not work out. Still, best luck.

by bull_rooster_aardvark

3 months ago

Asker's Rating: 

Hi Cjc, I think it is wonderful that you are trying to become entrepenuers, however, I would like to warn you as well. The rehab business will break your heart. I know it looks good on tv and all but it really is time consuming, stressful and usually costly (meaning overbudget). I would recommend beefing up on your marketing skills and try some other techniques first. Atlanta is wash with investors, so keep your investing area as small as you can and become a household name in that area. You will need one thing to succeed in RE investing - the ability to bounce. Oh, and dont concentrate on bank loans for investing - if you do - you probably wont last in this business. Shoot me an email anytime if you would like some advice.

by RE its what i do- 3 months ago

Cjc, please email me@bmcinternational@yahoo.de I live in metro Atlanta. It will be worth your while

by cardog- 3 months ago