2007 Ways For Me
After investing for 4 years and finding myself with vacant properties after the rehab work and paying over 10k a month in payments, I finally got rid of everything and down to my only primary residence.
My goal is to not make any RE purchases in 07 and pay down on my 25k in CC debt all this year with my income that usully would of went towards the vacant properties mortgages...
Time to shine....Happy 07
Sorry to hear that. Where do you think you went wrong? Being from MN myself I was just wondering.
J
Thanks Cashman.
Most of the hard money lenders that I have come across DO check your credit but your credit is not the determining factor to the loan.
It is based on the property ARV (After Repair Value), the Purchase Price, and the Repair Costs.
And your previous rehab experience, helpful but is not required.
I wish you Prosperity
Mainstay
Thanks, Mainstay. Do you know how I can find any of these lenders?
Agreed, if you pay for it , it will still show as a charge off to your account, they must contract to delete it before it will help you.
[addsig]