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3 Best Realestate loans and funding options for bad credit or no credit

5/6/2022

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​1. Get a Hard Money Loan

Getting a loan from a hard money lender is a great option for real estate investors with bad credit or less than stellar credit. Despite its name, “hard” money isn’t hard to come by its actually suer easy — it’s literally anywhere you look it seems like.

Hard money lenders are private firms or individuals or or even a group of friends who offer short-term loans that are backed by real estate. These lenders are only interested in investment deals — they aren’t funding someone who wants to buy a house to live in typically.
The best part is that hard money loans can give you funds very quickly — often, within days.
That’s why so many real estate investors use this source.
They’re quick, painless, and easy to turn around.
Hard money lenders don’t consider credit scores as the “be all, end all.” They can determine who they lend to and what those loans look like. If your credit score is good, GREAT!
But if not, your application is still more than welcome. The majority of the time, hard money lenders only care about one thing: if the deal is a good deal.
Their main concern is the value of the home. If the numbers work, they’ll more than likely fund the deal, whether you walk in with a 780 credit score or not.
A hard money lender will use the property as collateral. If you don’t pay them back, they take ownership of the property. That’s why they care about the numbers.
If you bottom out, they’ll still make money.
So, if you have a solid deal on your hands with good profit potential, a hard money lender will likely fund it — even if your credit score is just . . . eh.
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​#2. Look For Private Money Lenders

Another funding source to consider is private money lenders
Private money can come from anyone looking for a return on their investment. This can be anyone from a structured lender to a friend, relative, business partner or acquaintance.
Even if your credit score isn’t great, private money lenders can still lend to you, often with competitive terms. The quality and value of your deal are much more important to a private money lender than your credit score.
Private money lenders don’t abide by a certain set of rules. So repayment terms, interest, and everything else is up for negotiation.
And because it’s that person’s own cash, they decide whether or not they run your credit.
If you can show your deal has value and that you can close quickly — and make a profit quickly -- private money lenders can overlook dings on your credit report.
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#3. Consider Wholesaling/Flipping via an option to purchase.

  1. Find a seller who wants to sell their home or property. You then negotiate the price and terms with the seller and put together an agreement to buy the home.
  2. Instead of buying the home yourself, you find another buyer to take your place. This could be another investor who wants to fix up there home  or a landlord who wants a rental.
  3. That buyer will assume all the terms you’ve outlined in your purchase agreement and they’ll close the deal.
  4. They take ownership of the home, the seller gets the amount you both agreed to, and you get an “assignment” fee for facilitating the deal.
Many real estate investors start wholesaling just to build capital. A good wholesale deal could drive $5,000, $10,000, $20,000 or even more.
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  • Home page
  • Sell ERTC for Cash now
    • ERTC Filing at Zero Cost
    • What is the earned revenue credit (ERC)
    • When Can I Claim the Employee Retention Tax Credit (ERTC)
    • What is the ERTC Tax credit for businesses
    • ERTC Cash Advance >
      • Sell your ERTC Credits for cash
  • Business Cash Advance on future sales
  • Apply online
    • Apply >
      • Apply online now
      • call and apply 24 hours a day
      • PDF application for funding
      • Flex Lease
      • Adsense funding, website sales
      • American Relief Funding >
        • American Relief Funding
      • Terms and Conditions >
        • Privacy Poicy
  • ERTC Filing, for no money out of pocket
  • Business Purchase Funding
  • Sale and stay Leaseback
    • Sale Lease Option Funding
  • How it works
    • see us in AP news
    • Alternative Business Loans
    • Small Business Funding >
      • SBA loans apply online
      • Asset Based Funding
      • Merchant Cash Advance
      • Business Cash Advance
      • Equipment Leasing
      • Factor Funding
      • Unsecured Small Business Loans
      • Car title loans
      • Affiliate Marketing
    • Why Choose Us
    • Funding Options >
      • Sell your ERTC credits for cash
      • Industries We Serve >
        • Church Financing
        • Commercial Fishing Loans
        • Commercial Timber Loans
        • Franchise
        • Green Energy Business Loans
        • Oil And Gas Co Financing
        • Healthcare >
          • Medical Office Financing
          • Chiropractic Practice Financing
          • Dental Office Financing
          • Fitness Center Business Loans
        • Restaurant >
          • Food Truck Business Loan
          • Restaurant Financing
        • Retail >
          • Bicycle Shop Financing
          • Grocery Store Business Loans
          • Gun Shop Financing
          • Liquor Store Financing
          • Pet Store Loans
        • Service >
          • Automotive Business Loans
          • Construction Business Loans
          • Hotel Motel Financing
          • HVAC Business Financing
          • Laundromat Financing
          • Nail Salon Financing
          • Salon Financing
          • Tanning Salon Financing
          • Commercial Truck Financing
        • Synagogue Loans
      • Groups We Serve >
        • Fresh Start Business
        • Minority-Owned Business
        • Women-Owned Business
        • Veteran-Owned Business
      • Business Financing >
        • Poor Credit Business Loans
        • Bad Credit Business Loans
        • Credit Card Processing
        • Fast Small Business Loans
        • No Collateral Business Loans
        • SBA Business Loans
        • Secured Business Loans
        • Small Business Lending
        • Working Capital Loan
  • The Solution
    • "The Solution" An Entreprenuers guidebook to finance
    • The solution book case study signup
  • YouTube Channel
    • See us on Fox 5 San Diego
    • See us on ABC news in Nashville
    • Contact Us >
      • Loan & Finance Brokers
      • ISO Partner Program
    • Blogs >
      • Secrets to get funding for your business. >
        • Blog Feed
        • Success Stories
      • Business Funding Blog
      • Evil Banker Horror Stories
    • FAQ & Support
  • About Us
    • See us in TodayInBanking.com
    • Our Company
    • Referral program
    • General Underwriting Guidlines
    • News and Press Releases >
      • Free advertsing for restaurants
      • Article Submission >
        • Investigative Report Submission >
          • list of pre approved
        • Research Submission
      • store