Hello Seasoned Investors,
I am currently on a roadblock and am asking for your advice in how I can solve this problem. I have attempted to get pre-approved or pre-positioned in getting a mortgage. But unfortunately since my job is based on full commission, the banks have not approved of me in getting the amount I hoped that I wanted ($100,000). I know that I cannot get anything decent for this amount. And I do not want to go to a private money lender because its expensive.
I was thinking a joint-venture partner but because it would be my very first investment, I prefer not bringing in another person in the picture. Due to the fact I do not have any experience, plus I would not know how to react when there would be a dispute between the joint-venture partner and I.
Would there be any other useful solutions that I do not know of that can help me achieve my goals in real estate?
Very much appreciate your Feedback. Thank you.
Aaron.
I am currently on a roadblock and am asking for your advice in how I can solve this problem. I have attempted to get pre-approved or pre-positioned in getting a mortgage. But unfortunately since my job is based on full commission, the banks have not approved of me in getting the amount I hoped that I wanted ($100,000). I know that I cannot get anything decent for this amount. And I do not want to go to a private money lender because its expensive.
I was thinking a joint-venture partner but because it would be my very first investment, I prefer not bringing in another person in the picture. Due to the fact I do not have any experience, plus I would not know how to react when there would be a dispute between the joint-venture partner and I.
Would there be any other useful solutions that I do not know of that can help me achieve my goals in real estate?
Very much appreciate your Feedback. Thank you.
Aaron.