Purchased a property for $27k. Estimated Rehab is $80k. ARV $120-135k. I've put in around $15k out of pocket. I have poor credit (600) and high DTI but where there's a will there's a way. The people around me (family...
Hello BP community,Now I my self am new to flipping I live in Peoria IL and have found a few deals that seem to be homeruns. Only problem I have is i have bad credit (under 600) and will take some time to rebuild it, ...
I am currently seeking opportunities to flip properties, but my credit is blasphemous and I sort of feel that no sane persons would partner with me in my ventures. My current marketing plan consists of driving-for-dol...
I am in the process of repairing my credit. But I would like to get a few properties. I was turned down on two properties due to my score. Both were SFH's. Is there any advice on getting a property while still repairi...
Hi guys,I had a business that went under with heavy debts, some of them personal. I was unable to go the bankruptcy route and now have judgments against me from creditors. If/when I rebuild financially I was wondering...
Some of my closest friends in my social sphere have finally came around after seeing the returns our team is making for REI. They have concrete jobs with good solid salaries ($65-85K). However, they have abysmal credi...
I am going to sell my Florida rental this year. My tenant wants to buy it. Great, except their credit is horrid. Like maybe a 530 FICO score horrid.Ever since switching from having my mother demand rent to automating ...
On behalf of the newbies.....When your mindset totally revolves around building wealth how do you begin? Do you fix credit first? Do you get a high interest loan anyway? <hope not! What do you do when you have no m...
Experienced traditional investor. Used personal money and traditional loans for years. Have an unemcumbered multifamily held in LLC desirable location. Not ready to sell. Need to paint landscape to get top dollar. Bri...
Hello,My question for today is, would you ever partner in a real estate investment (rental) with someone you knew who had good cash flow but bad credit??If the loan was in both names, it doesn’t seem like the other pe...