BRRRR - Buy, Rehab, Rent, Refinance, Repeat
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Updated over 3 years ago on . Most recent reply
Ready to buy, but bad credit
Hello All,
Heres my situation, I am 25 years old living in Bayonne, New Jersey and I want to get started in real estate ASAP!!!. I have funds available but I have an issue with my credit score. Its pretty low but iv been working on it for the past 5 months and on top of that I have been working with a credit expert to help me get my score back up. Like i mentioned, I have funds available ready to purchase an investment property (preferably a fixer) but I know I wont get approval from a bank when its time to refinance the property after I get it all fixed up. I am planning to only implement the BRRRR strategy on all my investment purchases.
Most Popular Reply
@Joseph Guzzardi Jr
Thanks for the reply Jospeh ! Im not quite understanding why a no experience investor would need access to hard money if I only need their credit if i were to joint venture with them?