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Updated about 1 month ago, 11/22/2024
Equity financing with bad credit
Long story short.
Went thru a relationship issue and lost it all last year. So the credit score is horrible (was a 822 before. Yes I am sick about it).
Over the summer i bought a home in cash that's worth 140-160k. So some equity is there. I would like to use the home as collateral toward funding on a investment property. I make great money. So the income qualification is not a issue.
What would be my best path going forward in the short term to obtain funding?
I'm thinking about starting a corporation and building a seperate credit line. Which is kind of what should be done anyway if your serious long term.... or would a different path be a better option here?
Throw me some ideas here community and possible lenders if you have them.