Investment loans are a tricky thing because they sometimes don't report to CRAs, and sometimes don't depend on your credit history too much. In my experience though, they go by credit scores to a certain extent. Has anyone had experience with Investment Loans for Real Estate? I've got a couple of opportunities, but of course I'm out of the running for traditional financing. I know that Investment Lenders may not report my good payments to the CRAs, but the money I could potentially make would make up for that inconvenience. Cash, after all, covers a multitude of credit problems! I've heard of lenders who look at property loan-to-value and lend primarily based on that, but I haven't had much luck finding those so far. I live in NC and the opportunities are in SC, so I've talked to some sub-prime lenders who would like to do something, but they can't operate in SC. I know it's not the specific path toward credit repair, but the benefits are two-fold. One, if I can generate more income, I'm better situated to pay my bills on time, make the downpayment requirements imposed by lenders, etc. Two, it's bound to make you feel more like a 'real person' to get loans and do things that 'normal' people do - even if it's a higher interest rate. In the end, both of those things should eventually help credit overall.
