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Updated almost 17 years ago on . Most recent reply

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13
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Kevin D
  • Real Estate Investor
  • dallas, TX
0
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13
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Q: Likelihood of Com. REI w/o good credit?? ie IRS tax liens

Kevin D
  • Real Estate Investor
  • dallas, TX
Posted

I'm new. I want to be optimistic but realistic. What is the likelihood of breaking into Com. REI w/bad credit... ie IRS tax liens?

Said another way, what % of deals that ARE DEALS will I be able to find that won't require MY credit?

Also, what will be the alternatives to getting deals done that actually make sense/worth doing when not using my credit?

Is there a way to "fund" some LLC or something and have the lender use that? Or will they always come back to a "Personal Guarantee" being required.

I won't be able to fully satisfy the IRS for a long time. I have a current argeement and pay as agreed, but they will not ever lift that until it's paid in full and it's on my credit report and as I understand it... they will / would put a lien on any property that shows up in my name. Your thoughts?

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