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Updated about 7 years ago on . Most recent reply
![Dante Foreman's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/962969/1621506381-avatar-dantef2.jpg?twic=v1/output=image/crop=853x853@185x414/cover=128x128&v=2)
Heading towards my first deal
Receiving a huge tax refund this yr. It will be just enough to buy a cheap foreclosed home,I won't have any money left to do any rehabing on it. With bad credit and no revenue or collateral from my business will I still be able to find funding for my project?......... I Dnt mind the rude replys just making sure it's useful information. Thanks in advance
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![Alexander Felice's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/138385/1715198003-avatar-alexanderscott.jpg?twic=v1/output=image/cover=128x128&v=2)
Private money is your only option I would think
if you have bad credit, you need to work on that ASAP. Even private lenders prefer you have good credit.
I would also be careful with stretching your cash to buy an asset that just sits there. This is a TERRIBLE use of resources especially if you can't really afford to let it sit. Make sure you can run the deal all the way through before you buy it. IMO