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.
Creative Real Estate Financing
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 7 years ago,

User Stats

36
Posts
10
Votes
Graham Lutz
  • Norcross, GA
10
Votes |
36
Posts

Financing options after Chapter 7 bankruptcy - How bad is it?

Graham Lutz
  • Norcross, GA
Posted

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! 

Loading replies...