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Updated almost 6 years ago on . Most recent reply

User Stats

25
Posts
7
Votes
Thayer Hood
  • Real Estate Broker
  • Indianapolis, IN
7
Votes |
25
Posts

Getting into REI with Bad Credit?

Thayer Hood
  • Real Estate Broker
  • Indianapolis, IN
Posted

Some of my closest friends in my social sphere have finally came around after seeing the returns our team is making for REI.

They have concrete jobs with good solid salaries ($65-85K). However, they have abysmal credit and believe they will never be able to get the money needed to start their journey!

I would love to hear from any lenders or other investors who have encountered this same or similar issue. How can I help them get their first REI property?

Most Popular Reply

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13,365
Posts
19,402
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Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
19,402
Votes |
13,365
Posts
Joe Villeneuve
#4 All Forums Contributor
  • Plymouth, MI
Replied

Good credit isn't required...at least by the REI in question. Not all sources of funds require it. Like anything in REI, what you don't have, you can substitute with the use of partners.

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