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Updated almost 8 years ago on . Most recent reply

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Luke Scheffert
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Financing with recent bankruptcy

Luke Scheffert
Posted

I did a chapter 7 bankruptcy about 2-years ago.  Really wanting to turn my financial life around starting with low-cost real estate deals.  Currently I have about $20,000 in savings and am looking at (rural) homes in the $30,000 - $50,000 price range to purchase as buy and hold rental income properties.  My goal would be to tie up as little money as possible and get financed but I'm assuming this may be hard to do given my bankruptcy.  Has anyone had similar situations that might be able to give me advice on this?  Thanks a bunch! 

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