I just purchased a single family home.How do I get an investment loan to fix it up with poor credit

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January 08 - Blacklick
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Profile picture for Steve Roake
The answer likely depends on how you purchased it.  Does poor credit mean you paid cash for the home?  If you have equity, a home equity loan might be the best bet.  If its FHA, then a 203k loan would be the best route but I'm not sure if it can be used after the closing and usually requires good credit.  Your best bet is to call a few lenders and see what they have to offer. 
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January 08
Profile picture for K.K. Yan
Have you check your IRA? Some may allow you to borrow portion of the money.
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January 12
Profile picture for AAHJR
yes i paid 4,999 and the is 51,000 but its need a lot of work
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January 08
 

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QuestionI just purchased a single family home.How do I get an investment loan to fix it up with poor credit
  • Latest answer by K.K. Yan
  • January 12
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