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Updated almost 6 years ago on . Most recent reply

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April Ramsey
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9
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How to purchase a investment property with not so great credit?

April Ramsey
Posted

I'm trying to do something different with my life and of course I'm starting pretty late. Anywho I want to purchase some investment property but my credit isnt all that great, is some kind of creative way for still accomplish this?

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266
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Guy Yoes
  • Rental Property Investor
  • Springfield, Mo
311
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266
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Guy Yoes
  • Rental Property Investor
  • Springfield, Mo
Replied

Creative? NO. Good credit takes time and discipline to acquire.  You need to pay off debt, pay bills on time, live within your means, make sacrifices on having all the things that don't really matter. Get a job (or a second job). Then start saving your money. In the meantime, spend about 100 hours on here reading and listening to everything you can.  

IF you work very hard, in about a year you could be ready to buy your first property. If you don't want to put that much effort into this, then you may want to consider something else. 

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