Buy an Apartment Building with Bad Credit

Credit Challenged Investor Challenges Buying an Apartment Building

Buying a large commercial property with poor personal credit history is not an easy task. You will need to find a lender who is willing to lend you money for your purchase. There are some lenders who will consider your assets or income as collateral against the loan instead of requiring a significant amount of personal credit. There are a few scenarios when you can buy a property without a great credit history, but we are going to teach you how to do it with a special type of loan.

When Can You Purchase an Apartment Building?

You can purchase a rental property such as an apartment building without personal credit history on your first property purchase. There are no past personal credit goals to establish this way, why delay profits from potential investments?

The Complete Guide to No Ratio Loans and How They Simplify Real Estate Investing

Introduction: What is a No Ratio Loan and Why Should You Consider Investing with One?

No ratio loans are a type of investment loan that does not require the borrower to show any personal income or asset documents. The only requirement is that the borrower has a high credit score based on the profit potential of the real estate rental income and the value of the property.

Credit Challenged Investors Have Options!

No DSCR Ratio: A no DSCR ratio means that you can invest without having to show your debt-to-income ratio, which would be impossible for many people because they simply don't have enough income to cover their monthly expenses.