New to Investing and have bad credit

[Julie Williams]

My partner and I are thinking of purchasing some land in order to use it as collateral to purchase rental property. What do you think? Any ideas? Thank you.

[Aaron K.]

If you have bad credit the question becomes why?  If you have credit card debt pay that off before doing anything because it will be a guaranteed return that is probably higher than what you can get in RE.  Also people usually won't take vacant land as collateral for a loan.