Posted by James Harris on August 21, 2009 at 09:41:45:
The basis of the loan is the ability to repay. Not what you already have.
not much money to start - Posted by Emily
Posted by Emily on August 19, 2009 at 15:25:57:
I have about $4000 in my savings, a credit score of 633 and about $7000 in student loans. Ive just been getting my feet a little wet in the real estate investing world but how is a bank going to lend me money since I really dont have any? Whats the best way to start out in a situation like this?