Posted by Mike on January 13, 2003 at 13:59:12:
2 questions:
1)which chapter is the best to read from the no down payment concerning how to start with bad credit?
2)What is the first step in buying, using the no down payment while having bad credit?
Bad Credit, Will this program work? - Posted by C Davis
Posted by C Davis on January 06, 2003 at 06:33:46:
Do you have to have good credit for this program to work? I have bad, used to have terrible, but it is improving every day.
Re: Bad Credit, Will this program work? - Posted by JD
Posted by JD on January 06, 2003 at 23:14:21:
If you mean the Sheets program, the answer is YES it can work, but the answer’s really the same for most of the guru programs (judging by many of the archived posts on this site). ALL the programs, it seems to me, will work regardless of your credit - BUT - there’s more work AND creativity involved when your credit’s not that good or worse. It will always be easier when your credit’s in good shape simply because there are more conventional options open to you, and of course when the credit is bad many of those conventional ways close up. Many (but not all) of the creative real estate investment techniques that I’ve read about were born out of the fact that many investors didn’t have very good credit and were even bankrupt. Instead of accepting “no” as an answer, they just became more determined to find another solution to their problem - hence, the “creative” part of creative real estate investing. So - all of us with bad credit need to remember that it may take longer and we may also have to be more creative and perhaps even more determined - but the key for us is education and persistence to make any of these programs work.