Real Estate Rookie

362: Rookie Reply: HELOCs Explained and How to Invest with BAD Credit

Feb 1, 2024
The podcast discusses using a home equity line of credit (HELOC) to buy a rental property, investing in real estate with bad credit, alternative real estate investment strategies, and value-adding home renovation projects for rental properties.
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ADVICE

Private Lending

  • Become a private money lender using the available cash.
  • This allows for earning returns while fixing credit.
ADVICE

Partnering for Investment

  • Partner with someone who has good credit or more cash.
  • This can help combine resources and get into deals faster.
ADVICE

Fix Credit Issues First

  • Address the root cause of bad credit before investing.
  • Use available cash to clear debts or stabilize finances.
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