My Credit

[Suzie Wheeler]

Should I clean up my credit before I even think about being a real estate investor?

[Alberto De jesus]

I believe it will depend on two things:

1) Is debt a major life issue? Are you being hounded by creditors? Are you not sure with your next meal is coming from? etc. If so, then maybe get your financial house in order first while you continue to learn about real estate. Don't let a bad financial situation stop you from learning about real estate. 

2) Are you planning on using your credit to buy real estate? If you don't have a good credit score, you are not going to get the best terms on bank mortgages. Depending on your credit score, you may even not be eligible for a loan. Having the ability to use bank mortgages is just one other tool to acquire houses.

There are tons of ways to get property without good credit like seller financing, hard money, private money, etc. Don't let bad credit stop you from learning about and using those techniques if they are the answers to getting around bad credit. 

I hope that helps.