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Updated about 10 years ago on . Most recent reply

User Stats

9
Posts
1
Votes
Ryan Vaughn
  • Duluth, GA
1
Votes |
9
Posts

Poor credit score

Ryan Vaughn
  • Duluth, GA
Posted

Is it possible to get started in real estate or to find any one to approve you for a loan with a credit score below 620? 

Most Popular Reply

User Stats

85
Posts
26
Votes
Char Prado
  • Real Estate Investor
  • Alexandria, VA
26
Votes |
85
Posts
Char Prado
  • Real Estate Investor
  • Alexandria, VA
Replied

Money and Credit is a crutch! You need to read up on "Creative Financing". Join your local REIA club, go to "meetup.com" and look up your area. Creative financing is lease options, seller financing- they're the bank, partnerships, Joint Ventures.

If you can do deals without putting your own credit/money at risk then in harder times you will also be successful.

If you depend on credit/cash then when the hard times come and you don't have either, you're out of options...

Click on the LEARN tab above and check out the "Podcasts", you will most likely learn everything you want to know.

Talk to your family and friends about funding your first deal when you find it.

Good luck!

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