I need help finding investors I have bad credit and no money but I heard about 100% financing on rehab homes. I have an exit strategy and property listings that are 50% under tax value
Since you have bad credit history, so you cant get financial help from govt agencies. Yes, there are many pvt. agencies that lend money against property to bad creditors but they charge heavy interest. So, before going ahead, confirm the total payable amount and hidden charges.
Getting a loan with bad credit and no money is going to be very difficult to do in this day and age.
Have you considered wholesaling or bird dogging to build up some cash reserves?
Credit is not an issue when wholesaling or bird dogging, and if you are targeting private sellers, you can get away with putting down very little for earnest money deposits.
Do a search on this site for “wholesaling” and/or “bird dogging.”
There is plenty of info here to get you started.
Good luck,
Steph :cool
Try private lenders. Much better & cheaper than hard money, there are hardly any of those lenders left these days anyway. Private lenders on the other hand are just people like you and I who have money sitting around in CDs or Money Markets earning 2.5% interest. These people would likely be very open to loaning money at 12%+ secured by a trust deed on real estate. The great thing is your credit doesn’t matter - it’s all about the deal.
Google “private lending real estate” and you’ll find a ton of cheap/free resources.
Oh and by the way - tax value means absolutely positively nothing as far as real estate investing is concerned. The only thing that matters is the market value (what similar properties nearby have been selling for recently).