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
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