Investment properties with zero credit history

[Daniel Gregory]

Hi! This is my first post on this site! I have 3 rental properties and my own home. I own all of them outright. I've never been in debt and I've never bought something I couldn't pay cash for. However I'm wanting to get some more rental properties and am in a position where I need to get some loans. I have some good deals in the works, but long story short cannot qualify for a conventional loan due to no credit history. I have a lot of assets, very little outgoing, zero debt, a large amount of liquid assets and a decent amount of income. What are some creative ways for me to get funding for my potential deals? I'm sure there are other forums for this, but any assistance here would be greatly appreciated. I'm located in the Fort Myers Florida area if that helps.

[Chris Mason]

It takes like two months to establish credit.

- Get yourself set up as an authorized user on one of your significant other's credit cards that she's never missed a payment on. About 8 out of 10 times, you will inherit the FULL history of that credit card as part of YOUR credit history. Cut up and throw away the actual credit card when it comes in the mail, you don't need it and that wasn't the point of doing this.

- Go open a secured credit card or two of your own and buy your significant other something nice once a month, pay the balance off in full each month when the bill comes. 

- Notice how both of these involve your significant other? Being a mortgage lender is a good 5-10% about being a freaking marriage counselor, I've found. :P