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Updated almost 10 years ago,
First, Get Your Credit Fixed
When I discovered that my credit was less than what it needs to be to do any kind of real estate investing, I started intensive researching for ways that I could improve my credit rating. And, with my financial picture what it is at the moment, the method for fixing my credit rating had to be low cost or free.
Well, I found a way that is free. All you are required to do is watch a few videos, take some notes, and then write letters: to the various Original Credit Agencies (OCA), like bank credit cards; Credit Agencies (CA) you have gotten collection letters from; to the big three credit reporting agencies (CRA), Experian, Equifax and TransUnion, who report what they receive from the OCAs and the CAs, whether accurate or not.
Mike Roberts, founder of Credit Solutions, has a great free program designed to help you rebuild your credit. You will receive a series of emails that will lead you, step-by-step, through the process of improving your credit rating.
The main thing you will learn--and the most important--is how to monitor and maintain your credit records. When you start doing that on a regular basis (recommended every 30 days), your scores will start rising.
Then, you can truly make good real estate deals--from a position of credit strength--and save yourself a lot of money you would have paid out because of your poor credit rating.
Everything else will follow.