Oregon Hard Money Lender Offers Easy Loan Options
You may think that real estate investment is out of reach because of your poor credit score or financial circumstances. Reconsider the possibilities. In hot real estate markets like the Pacific Northwest and Portland, Oregon metro area, there are wealth-building opportunities worth pursuing.
The good news? There are viable pathways forward for investors with less-than-perfect credit. Here’s a look at the options.
Investing in Real Estate with Poor Credit
Start by clearly identifying the “whys” of your credit situation. Bad credit can stem from circumstances beyond your control, from job loss to medical emergencies to the economy. Other scenarios may simply be the result of financial missteps or lack of knowledge.
Make an honest assessment of your credit situation and habits. A commitment to positive change is essential to long-term success as a real estate investor.
Investing in real estate will not fix your poor credit. However, it can help you move forward once you’re ready to break old spending habits and commit your time and energy as an investor.
If you have an investment strategy and are working to improve your credit score, here are four ways to invest in real estate.
4 Ways to Invest in Real Estate with Poor Credit
- Hard money loan: Get an equity-based, fast cash hard money loan from a private money lender when conventional lenders say “no” to your credit history.
- Partnership: Team up with another investor and leverage complementary skills to strengthen bottom line returns.
- Seller financing: Make monthly payments directly to the seller. Best scenario? When the seller has no existing mortgage.
- Wholesaling: Secure a great deal, put it under contract, and make a quick “flip” to a cash buyer for higher profit.
Oregon Private Money Loan Helps You Invest Now for Greater ROI
The sooner you commit to building healthy credit and investing in real estate, the greater your potential return. As an Oregon hard money lender with over 30 years’ experience, Gregory M. Russell understands the challenges investors face with a low credit score. Our direct funded, equity-based hard money loans are designed to help you achieve your real estate goals. Contact our lending team to learn more about how a private money loan can help you on the path to a better financial future.