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Updated almost 5 years ago on . Most recent reply
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Looking to take advantage of current mortgage rates
With the recent cuts in interest rates by the Fed, mortgage rates are hitting all time lows, and the demand for refinancing options have also increased.
I've recently invested in 2 properties this past year. However due to my credit I was forced to acquire these properties unconventionally through an all cash offer, and through seller financing. These properties are in great condition, are currently both rented out and providing great monthly cash flow.
I would love to take advantage of current market rates to better leverage my capital and expand my portfolio of buy and hold properties. Unfortunately, it takes time to build substantial credit. I'm looking for advice on strategies other investors may have used to help build and expand their portfolios despite negative credit. Whether thats through private money lenders, portfolio lenders, or possibly even credit partners?
Appreciate any and all feedback and advice!
-Marcus