Skip to content
Creative Real Estate Financing

User Stats

36
Posts
10
Votes
Graham Lutz
  • Norcross, GA
10
Votes |
36
Posts

Financing options after Chapter 7 bankruptcy - How bad is it?

Graham Lutz
  • Norcross, GA
Posted Feb 2 2018, 14:36

So we had a business fail in 2015, and just finally got to bankruptcy discharge October of 2017.  I am aware that personal mortgages require a minimum of 2 years post BK for certain types and longer for others, but what about for investment properties?  Are there similar required waiting periods?  What creative solutions could I employ here?  

I have very little saved so far
I have about $1200 extra per month (but would rather not wait 2 years to have a chunk to invest)
~605 credit score
3 months post bankruptcy

How realistic is it to approach an investor and say I need money for a down payment and for them to take out a mortgage to finance the deal?  I'm prepared to do what it takes to get a deal done, so hopefully someone here has some experience, input, or advice! 

Loading replies...