The credit markets are a mess, banks are failing, lending institutions are further tightening lending requirements and it is becoming quite difficult to get loans for investments. Sounds bad doesn’t it? Don’t let this get you down; even when the credit market is good investors should be looking for creative and alternate ways of funding investments. Even if you can get a bank loan for an investment doesn’t mean that is the best route to take. One such alternate and creative way of buying a home is on a rent-to-own […]
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Credit Scores
July 23, 2008 in RESIDENTIAL R.E., Step 07: Fund Your Deals
I thought this short article would be helpful for investors unfamiliar with credit scores. I like the note, but I don’t like the title of the article “Good Credit Is Step One For Buyersâ€?. For investors, step one is finding potential deals and in many cases, credit doesn’t come into play at all because we are doing non-traditional creative deals. One of the attractions to real estate investing is the fact that you can invest successfully even if you have a terrible credit score. Having said all that, I still […]
YES! YOU CAN USE YOUR RETIREMENT FUNDS TO BUY REAL ESTATE
May 15, 2008 in COMMERCIAL R.E., RESIDENTIAL R.E., Step 07: Fund Your Deals
Yes! You Can Use Your Retirement Funds to Buy Real Estate by J. J. Childers Many people are surprised to learn that a retirement plan such as an IRA or 401(k) has the flexibility to own real estate. If you’re one of those people, don’t feel bad. You’re certainly not alone! Currently, more than 90 percent of all retirement plans hold nothing but “traditionalâ€? assets such as stocks, bonds and mutual funds. That makes sense when you consider that the people who set up retirement plans are usually the same […]