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Updated almost 10 years ago,

User Stats

31
Posts
5
Votes
Ethan Mace
  • Investor
  • Eastampton, NJ
5
Votes |
31
Posts

Seller Financing - The Best Option for Bad Credit?

Ethan Mace
  • Investor
  • Eastampton, NJ
Posted

Hello, Friends,

I made poor decisions with credit cards between age 19-24.  Now, I'm 25 and I'm working hard to fix this problem.

However, I fear my bad credit will prevent me from acquiring assets and increasing my cash flow.  I'd like to begin my journey by purchasing a tri/fourplex.  Is seller financing the best option I would have if I don't qualify for any loans? 

I am in somewhat of a unique situation.  I'm in the military and I'm PCSing to the states next month.  However, due to complications, I still have no idea where I'm going.  This makes it difficult to know which banks, and opportunities are in the area.

I'd greatly appreciate any advice.  Thanks for your input!

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