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Hey great thread nosoup! I hope you can help me with my question.
I'm currently an 18 year old student with a full year of university under my belt, and no debt, but no credit either. I have become aware of an investment opportunity that will appreciate at about 10-15% every year. Obviously this is a great chance that I do not want to pass up. I have one year until the market stabilizes and then begins to climb at this new rate. What can I do in this single year to maximize my loan amount I can get from a bank, or credit union? I will be exploring other avenues for obtaining capital as well, like offering private investors a fixed 7-8% rate for the period, but would appreciate if you can think of any other ways to get some capital for this opportunity. Also my parents hold a lot of property, and will be investing as well- should I try and go through them, in a way leeching off their credit rating? Any help you could give me would be appreciated.
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"Asking a bomb squad if an old bomb is still "real" is not the best thing to do if you want to save it." - denim
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