Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 1 month ago, 11/22/2024

User Stats

4
Posts
0
Votes
Nickolas Lipinski
  • Handyman
  • Buffalo, NY
0
Votes |
4
Posts

Equity financing with bad credit

Nickolas Lipinski
  • Handyman
  • Buffalo, NY
Posted

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.

Loading replies...