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Updated almost 7 years ago,
Financing options after Chapter 7 bankruptcy - How bad is it?
So we had a business fail in 2015, and just finally got to bankruptcy discharge October of 2017. I am aware that personal mortgages require a minimum of 2 years post BK for certain types and longer for others, but what about for investment properties? Are there similar required waiting periods? What creative solutions could I employ here?
I have very little saved so far
I have about $1200 extra per month (but would rather not wait 2 years to have a chunk to invest)
~605 credit score
3 months post bankruptcy
How realistic is it to approach an investor and say I need money for a down payment and for them to take out a mortgage to finance the deal? I'm prepared to do what it takes to get a deal done, so hopefully someone here has some experience, input, or advice!