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Eugene Hoffman is the Orlando’s area’s most respected house buying service. Our professional, experienced home buying team has been built from the ground up with the goal of helping homeowners like you sell your house fast, with no hassle, no games, no fees, and with transparency and integrity from start to finish.
For most people, a house is the largest purchase they ever make. You might be wondering, like a lot of investors, how to buy an investment property with bad credit in Orlando. Fortunately, there are at least 4 simple ways to acquire investment properties even with bad credit.
These 4 Ways Describe How To Buy Investment Property With Bad Credit For Savvy Investors In Orlando
Strategy #1. Use the money you already have. Many investors have money they may not even realize. For example, you might have equity in your home or business that you can borrow against, which you might not need an additional loan. Or you might have money in your IRA or 401(k) that you can invest with. Few people realize that this is even possible – but it is! If you want to talk to us about how to invest using your IRA or 401(k), just give us a call at 407-781-7312. If you have equity in the house you live in you can use your house as collateral without going to your Bank. Call us and we can get your Deal Closed!
Strategy #2. Use seller financing. Seller financing is when you close a property at a title company(Law Office) but instead of getting a mortgage through a traditional lender (like a bank) you instead get financing from the seller themselves. You simply pay the seller your “mortgage payment” every month until the house is paid off. The seller may not require good credit because ownership of the house would revert back to them if you default on your financing. One thing to remember is to make sure you get a recorded Deed and insurance in your name.
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