All Forum Posts by: Will Hanson

Hi There,

I am currently trying to sell my house to a friend. My friend needs hard money to purchase the house as he has bad credit, bankruptcy. This all due to divorce. He has half roughly 100k to put down towards the house and I want to sell it to him for $250,000. 

He is a Union electrician who has stable work. The house is also rented for $1,350 a month and I believe the rent would cover the payback amount plus the interest. 

Are there any lenders that would roughly lend $150,000 for a $250,000 house with the house as collateral?  

Any tips would be great! Thank you

Wow! Thank you for the tips! We are going to put myself as an authorised user on my wife's credit card who has great credit and save our pennies to be able to put down a bigger deposit.

Hey There!

My name is Will and I am new to the bigger pockets platform. I am very keen to get into real estate investing and have been learning as much as I can from BP. I though I would get amongst it and ask a question for something I am working on.

So as part of my goals to get into real estate I have included boost my credit score.

For a little context 

I don't have bad credit , I just have no credit at the moment. I am an Australian who just moved here. I am a US citizen, I have just never lived here as an adult. Credit scores don't transfer from overseas unfortunately. I currently have a secured credit card with about 2 months on it. 

I was wondering if any one had any hacks/tips for generating credit quickly?

Many thanks!!!!!