Sorry to be once again the bearer of bad news.
What you’ll need now more than ever is equity when it comes to purchasing any type of real estate.
Following your line of thinking would ultimately mean that we carry on exactly where we left off. A good portion of the stimulus package is designed to thaw the credit markets, but if and when that happens, you’d better be prepared to deal with rather strict lending criteria.
What you’re hoping for is that the government is going to write you a check so you can purchase real estate with no equity of your own and a non-conforming credit profile (zero credit history).
It’s not going to happen!
If you really want to get into this business, you will have to start out small, buy one property & turn it around, build a track and credit record, and perhaps later on get investors on board to help you finance your deals.
I hope this helps.
Advanced Document Design for entrepreneurs, intermediaries, and the financial services industry.