Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago,

User Stats

3
Posts
0
Votes
Eric Henderson
  • Investor
  • Wichita, KS
0
Votes |
3
Posts

Recovering from economy, 600 FICO range lending options

Eric Henderson
  • Investor
  • Wichita, KS
Posted

Looking for quick option to buy 3 house from failed LLC, I'm a 50% member, deadlocked manger.

Court said I could buy assets for $120,000 includes 3 houses that when paid in will be free and clear. I'd love to use these as collateral on business line so I can make improvements, $10,000 or less, and resell or lease out. Total 3 houses value $180,000-$200,000+ repaired value.

Rents 650, $700 and 800. Rents going up after make ready or resell to exit and pay down line.

Also looking for primary residence new build I'm leasing with option. $215000 purchase price. Disabled veteran, would like VA 30 year best rate possible. Minor judgements will be paid. BK chapter 13 in 2010 dismissed 2014 Feb. 600 avg up down FICO. Working on credit following loss of job and financial hardships due to health, service connected disability. I see deals all the time. Was broker for 10 years. Kansas. Ideas?

Would welcome funding partner wanting 10 irr or better cash on cash.

Also have two rentals 10+ years owner of now paid off, approx. $135,000 equity. Looking for credit line or options to begin buying, rehab and sell/flip or go to long term financing. Family owns hardware store, class A construction company close fried. We can do this if we can find a funding source.