 Inherited money, ready to invest
I recently inherited some money. I want to invest in real estate, but I have bad credit. What can I do ?
I'll be inheriting anywhere from $80,000 to $125,000. I work partime. I want to purchase a three flat for $400,000 to rent out or possible condo out. And I want to purchase my grandmothers 2Flat building for around $125,000 and then REHAB (complete gut) to rent it out also.
What kind of loan should I look for? The properties will be complete investment properties. Im looking to make them my full time gig and buy more properties in the future. I'm guessing the rehab will cost be anywhere from 80,000 to $120,000.
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