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Updated almost 6 years ago,

User Stats

13
Posts
3
Votes
Alfonso Andolz
  • New to Real Estate
  • Shelbyville, IN
3
Votes |
13
Posts

How to borrow money when still recovering from bankruptcy?

Alfonso Andolz
  • New to Real Estate
  • Shelbyville, IN
Posted

Here's my situation, I had to file bankruptcy due to an unfortunate divorce. If it means anything, my TransUnion credit score is over 660, even though the bankruptcy happened less than a year ago. So I am very responsible financially, and my credit score was normally over 750 prior to the divorce. I have not been able to meet a single lender, including hard money lender, who will entertain me for at least a year and a half. I just started working with an attorney who will help me with my LLC, seller finance type contracts, and leases. This will help to establish some monthly cash flow if I find the right deal, but I feel that my local market seems to do better with rehabs at the moment. I don't have enough capital at the time to float a rehab. I really want to get moving and not have to wait a year and a half. Any advice would be greatly appreciated.

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