Latest Blogs From Joe


You know I love to coach students and clients. It’s something I’m super passionate about because when they succeed it’s an amazing feeling for them AND me.

So, a student of mine brought a concern to me recently. He has bad credit.

Look, it happens. I’d say most people at one point in their lives have had sucky credit. I did. Some of you reading this are likely in the same boat. It doesn’t mean you suck. $#&! happens, right? Bad credit happens to good people.

Let me say this: It does not mean the end of your investing career. Don’t give up. 

So this student wants to get into rental investment properties but can’t get a bank loan because of his credit situation.

Well, I’ve got 5 ideas so you can keep moving forward with rentals even if you have bad credit.

    1. Get creative with your financing. Offer owner financing or lease options.
    2. Be a deal finder. Find someone to partner with on deals—active investor landlords who have access to cash or financing. Bring the deal to them and split the equity and cash flow.


  • Borrow private money from private investors. This actually becomes easier and easier the more deals you do. You’ll have a track record to show = credibility.


    1. Establish a business line of credit or credit cards. WARNING: BE CAREFUL WITH THIS ONE. This is only a short-term strategy. The best way to do this is after you’ve bought the deal, bring in a partner investor who can buy you out to pay off those credit cards. 


  • Have hard money lenders on your team. Pro Tip: If a hard money lender doesn’t want in on a deal, it means it’s not a good deal, so you should walk away from it. And be aware that hard money lenders charge a lot. 


2 final thoughts…

Check out this helpful book: Building Wealth One House at a Time by John Schaub.

And, make sure you get your credit fixed, but remember that you can still actively invest while you’re working on that.

Related Blogs

Are you on the X? Do you have any idea what that means? Well, I didn’t either. I heard it from a guy giving an

Read More

So you know I’m involved in some Mastermind groups. You should be, too, if you’re not yet. I was at a great one with Trevor

Read More

Okay, I’m pretty pumped…  I’ve got a client I’m doing lease options with in southern California. Super competitive market, but we’re doing it! The first

Read More