Ep.42 | Private Mortgages for Bad Credit??

Discover how private lenders can be a lifeline for real estate investors and professionals struggling with poor credit. This episode cuts through the noise to provide practical advice on navigating the world of private lending, including:

●      The pros and cons of private loans for borrowers with bankruptcy or high credit utilization

●      When and how to transition from private lending to alternative financing options

●      The key factors private lenders consider when evaluating borrowers

●      Real-world strategies for overcoming financial setbacks and securing private loans

From first-time buyers to experienced investors, this episode offers practical solutions to overcome common challenges and unlock new opportunities in real estate.

Show notes:

1:17 - Introduction

2:15 - Are private lenders for borrowers with bad credit? 

10:27 - When do you go from a private lender to an alternative?

11:07 - When does the lender get qualified?

14:49 - Bankruptcy stays in your bureau for a long time

20:38 - Overextended credit utilization 

24:27 - Marital breakdowns 

27:08 - Outro

 Resources:

• Keystone Capital Group

Find Neal On:

•  Instagram - @Remaxneal
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Find Ryan On:

•  LinkedIn
• E-mail - [email protected]