I am ready to purchase, but need advice

[Crystal Thomas]

Hello to all out there! Hope everyone is having a good year so far!

So, I have been reading up on real estate investment... Rental Property Investing and Buy, Rehab, Rent, Refinance, Repeat are the two I have read so far.

My current situation is, I have a good credit score, I have the money for a down payment. When I applied to get pre-approved, I got denied because of insufficient credit history. I have one tradeline that's been open for 3 years, but have been told I need at least 3 open for at least one year.

Other than my credit history, I am ready to buy my first 2-4 multifamily property and start the BRRRR process. I have been looking around in Georgia and Alabama.

Are there lenders who lend to a borrower with a short credit history, or with 1 tradeline for 3 years? I have already opened up 2 more, but if that's all I am waiting for, I won't be able to purchase until the beginning of next year.

Any advice or suggestions are welcome.

Thank you all in advance:)

[Account Closed]

@Crystal Thomas hi Crystal, have you explored any other methods other than a traditional bank mortgage? I don't know all your specifics but 1 or more of these might be worth looking into:

- Private money (https://www.biggerpockets.com/blog/find-private-money-lenders)

- funding/investing platform like Groundfloor (https://groundfloor.us/)

- Credit Union that might do portfolio lending (https://www.fool.com/millionacres/amp/real-estate-financing/portfolio-loans/portfolio-loan-pros-and-cons/)

Keep at it, all the best