About to give up

Just me, but I would stay working where you are at while you try and repair your credit rating, and having a steady long term employment will help that process.

Once you get your credit score above 650 is when I would start looking to finance, I would either keep that property as a nest egg, or if you do sell it I would hold the cash as a nest egg, I wouldn't use it to buy a truck.

But again, that's just me, good luck going forward.

 

another idea is to sell your lot on a realestate contract then when the buyer gets a construction loan the bank will pay it off ( they want to be in first position) If its a lot that someone puts a trailer on then you would have to wait 6months to a year and sell the note, of course you would need to discount the note. Good luck just keep on working towards your goal and you will get there.

 

In trucking a lot of DREAMS turn into NIGHTMARES by going into it with out the financial means

 

Personally I wouldnt give up on your dream.

Just rethink your strategy a bit.

Everyone wants what they believe is the easiest way in and thats usually to finance. Personally I believe that to be the easiest way to failure also.

What I did was live a minimalistic lifestyle and put cash away like I would be making payments. That way if you miss a payment, you dont have someone knocking on your door or repoing your livelihood. While your doing this work on getting your credit back on track. I went from a 560 to a 708 in 3 yrs. Most banks wont touch you with less then a 650 score. In 3 years time you should have enough to pay cash or have a very good down payment to make things much easier on you. Cash is king,.. always will be.

How badly do you want this dream? Think smart,.. dont be so hasty to get yourself into a debt situation where your dream turns into a nightmare. I started with $50k cash and even then it was rough at first.

Best of luck to you.

Hurst

 

I do just fine with my rentals/

 

but I also do fine in trucking too.