ankruptcy can be a the seller instead of taking out
frightening word to a lot a conventional mortgage. These
of people. Many people may also be called land
assume that if you file for contracts, and the contract
bankruptcy and it is on your spells out every detail of the
credit report and score then agreement between the real estate
investing in real estate is just investor and the seller. This is
a pipe dream. This is not true at a legal and binding contract, and
all. Sure, you will probably not there are usually no credit
qualify for a traditional checks, although some sellers ask
mortgage with zero down and low for a percentage down, usually
interest rates, but there are a between five and twenty percent.
few ways that you can invest in
real estate even if you have had Another way to invest in real
a recent bankruptcy. Using estate after a bankruptcy is to
creative financing can make your flip a house or use a lease
credit score not a problem. This option. Here again, your credit
is done by not using your own is never even looked at. In these
credit to invest in real estate. cases you find a buyer and a
seller and you act as a middle
There are many ways that creative man. A middle man who receives
financing can be done that are all of the difference between the
completely legal, but these sellers price and the buyers
methods may require a motivated price. This type of investing is
seller sometimes. Owner financing usually very short term, and no
is one way to avoid the whole money of the investors ever
bankruptcy issue as well as bad leaves their pocket. The buyer
credit or no credit. When an puts the funds in an escrow
owner finances the deal, account to the investor, and then
generally the buyer agrees to pay the investor takes his cut and
pays the seller the agreed upon house. These are all great ways
price. Everyone gets what they to invest in real estate without
want from the deal. The seller having your credit even checked.
sells the property, the buyer Motivated sellers are generally
gets the house that they desire, also willing to be flexible to
and you make some money for your make the deal, and bankruptcy
time and effort. All of this does not have yo stop you from
happens without your credit ever your dream of investing in real
even being an issue. estate.
Investing in real estate after a Copyright © 2007 Joel Teo. All
bankruptcy can be done, but you rights reserved. (You may publish
may have to be more flexible and this article in its entirety with
creative to finance these the following author's
investment deals. Try owner information with live links
financing, land contracts, a only.)
lease option, and flipping a
About the Author:
Joel Teo writes on various financial topics including Las Vegas Real Estate . Learn about Las Vegas Real Estate Investment at http://www.RealEstateInvestment101.info
Read more articles by:
Joel Teo
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