I have a friend that wants to get into investing in foreclosures with me, but his credit sucks…he has none at all. We are trying to find the best option so he can get some money to invest in a property that looks like a really good opportunity. Any ideas?
Your friend will need to start building credit at some point. If you are going to be “partners” he will be called upon at some point to assist, I am sure.
There are lenders who will make loans with no credit scores…you may have to get the place at sheriffs sale or whatever and then have him purchase from you through a broker.