Post by nesterhow on Apr 26, 2014 6:29:17 GMT -5
I'm really just getting started in working on Real Estate investing. My credit is bad. I have the opportunity to cash out some of my 401k to purchase a foreclosure and live in it while a renter pays for the house I currently live in. My idea is to build a little savings/pay off bad debt and then sell my current house. After that, I can find someone to let me finance another house with a better deal or maybe a duplex, then grow from there. This really is just the initial details. I haven't made any moves yet but am thinking seriously about it.
I really would like someone to tell me, based on what I've mentioned, where the holes are in my plan. Please ask me questions if this might be doable but needs more information to make sure. I value any opinions given, good or bad.
I really would like someone to tell me, based on what I've mentioned, where the holes are in my plan. Please ask me questions if this might be doable but needs more information to make sure. I value any opinions given, good or bad.