Posted by Bruce Lawson on July 02, 2002 at 04:42:07:
How poor is your credit? You may be surprised it may not be as bad as you think, get your credit reports and check for accuracy.
If your score is below 620 it will be difficult to be granted a working line of credit from a bank(other factors included)and conventional loans will be just as tough. Hard Money is a great option for investors in situations similar as yours.
There are quite a few ways to make deals with less than perfect credit, Ed Garcia list the nine ways of dealing with bad credit check the archives and review those.
You probably should consider getting your credit repaired or repairing your credit yourself either way it will make a huge difference when approaching lenders when your score is attractive to them, lenders are score driven.
Contact me if you want to discuss what you can do about your credit issues.