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Updated about 2 years ago on . Most recent reply

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Breland Clark
  • Hattiesburg, MS
3
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Financing needed for flip

Breland Clark
  • Hattiesburg, MS
Posted

I have terrible credit and no large holdings in my account. How can I secure funding for a flip/short term hold property? 

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Chris Seveney
  • Investor
  • Virginia
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Chris Seveney
  • Investor
  • Virginia
ModeratorReplied
Quote from @Breland Clark:

I have terrible credit and no large holdings in my account. How can I secure funding for a flip/short term hold property? 


 Bring on a partner. It will be very challenging for someone with poor credit to find someone to lend the money to another person with poor credit. They will ask why is it terrible? If its because of late payments etc a rehab would most likely be the largest investment the person may have made and if they have had trouble managing smaller amounts of money then larger amounts most likely would be worst. 

Work on building your credit and saving money. 

  • Chris Seveney
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7e investments
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