Is it possible to invest in real estate with a bad credit score? What are the best financing options for investors without optimal credit? That’s the first topic I’m answering on today’s Q&A episode!
On this episode, I’m taking three of your great questions on credit scores, selling rental properties, and using home equity to but assets. Click play to hear my answers to your questions!
On this episode you’ll learn:
- How to buy real estate with a bad credit score.
- My general philosophy on selling rental properties.
- How to use your home equity to invest.
- And much more!
How to Buy Real Estate with a Bad Credit Score
One of my favorite strategies for investing with a bad credit score is with a non-recourse loan. A non-recourse loan is a business loan that is based on the merit of the asset. Sometimes a non-recourse loan can have slightly higher interest rates, but if you buy right, you can make a solid investment. A partnership is another idea you might want to pursue. If you’re interested in our non-recourse program or partnership program, you can schedule a free call at https://morrisinvest.com.
My General Philosophy on Selling Rental Properties
Every experienced investor I’ve spoken with has had one main regret: selling their assets. Unless a property has a major problem, I don’t like to sell. At Morris Invest, we have found that most investors only need four or five properties to reach financial freedom. If you understand the benefits of investing in real estate, I would work on growing your portfolio instead of selling a property.
How to Use Your Home Equity to Invest
If you have equity available, I’m a big proponent of using a home equity line of credit to buy rental properties. This can be a great way to go from homeowner to investor. Run the numbers and make sure your rental property can cover your payment.
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
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