Loans for flipping with a bad credit score

Loans for flipping with a bad credit score

Real Estate Broker · Orlando Fl · Member since 2016 · 1 post · 0 votes

Hello,

My name is William Jones. I was flipping houses in Tallahassee for a couple of years but then my family went through some tough times and we had to move to Charleston SC. We are wanting to start up flipping again but our previous investor isn't investing in flips any more. we are on the search for a new investor. During the move we had some tough hits on my credit so we are looking for someone who is willing to invest in me because of my experience and knowledge and not my score. Any suggestions on what options i might have?

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Investor · Hendersonville, NC · Member since 2013 · 754 posts · 281 votes
7y

Hi, Credit isn't the most important factor in a loan. If all your other criteria are fine, we could work something out.

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  • Investor · Hendersonville, NC · Member since 2013 · 754 posts · 281 votes
    7y

    Hi, Credit isn't the most important factor in a loan. If all your other criteria are fine, we could work something out.

  • MIAMI, FL · Member since 2018 · 12 posts · 4 votes
    7y

    Hi Jason. I don't have any experience in Flip/Rehab. Does that criteria applied to me as well and how do we contact you?

  • Charleston, SC · Member since 2014 · 59 posts · 23 votes
    7y

    @William Jones hello sir. Are you looking to find a lender or a partner to flip with? There are several small local banks that will do a portfolio loan where credit isn’t a factor. And of course your hard money guys care more about the numbers in the deal than they do about your credit.  I flip in Summerville and would love to do lunch or coffee sometime and talk flips!

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