RE Investment with past credit blemishes

[Jeff Martin]

Looking to start investing in real estate in the next year or so. Goal is to buy and hold SFH and/or vacation rentals. I'm wondering if my credit history will make this a non-starter. Due to bad decisions and a divorce, I went through both a bankruptcy and foreclosure. Foreclosure happened in 2010, BK (Ch 7) was completed in 2012. Since then, I have been militant about budgeting/credit and all bills have been paid on time. Only debt I have is a car loan, which I pay extra on each month (will be paid off before I start investing). I use a rewards credit card and pay the balance off every two weeks. My credit score is currently high 700's. Solid income from full-time career. Will the foreclosure prevent me from getting a mortgage? My plan is to not buy anything unless I could put 25% down.

[Aaron K.]

I don't believe that it would because you have improved your credit score so much, you may face a higher interest rate but there are lenders that cater to borrowers that have had trials and tribulations in their lives.