What to do with $200k and rebuilding credit?

[David Abrass]

We have $200k in bank savings earning little to no interest. While we have owned several homes over the years we are new to real estate investment. We'd like to gain some passive income with our money and try and build a portfolio from there. We are looking to invest in the Seattle area. Unfortunately our credit is poor but rebuilding. We have no debt, just waiting out the time for our scores to improve. In the meantime, financing seems off the table with a 602 credit score. Love to hear some opinions/advice.