"Bad credit" can certainly be used as an effective investment tool - just
look at Donald Trump with his myriad restructuring and bankruptcy programs
for creative re-leveraging of his holdings. On the other hand - for those
not of Donald Trump's experience nor connections - typical bad credit
generally means you don't have the resources to weather the inevitable ups
and downs of a real estate investments including the necessary capital
reserves on hand. But - bad credit can stem from many things including
exorbitant medical debts from caring for a loved one after the health
insurance runs out, etc....so it's impossible to generalize. It boils down
to understanding the true volatility of investment real estate and being
well prepared to withstand the risk.

My 2 cents....

Michelle Kennedy

-----Original Message-----
From: Dutch [mailto:falconxp@yahoo.com]
Sent: Sunday, February 13, 2005 8:45 PM
To: IncomeProperties@yahoogroups.com
Subject: Re: [IncomeProperties] Help!!



This is an interesting topic.

Should people with very bad credit be "investing" or should they be
investing their dollars in cleaning up their credit?

Should people with very bad credit be attempting to become highly leveraged
in a high stakes investment like real estate?

People with very bad credit have demonstated very bad business and personal
decision making. Should these people be starting a business before they
clean up their act?

Not trying to start a flame war, just asking everyone's thoughts.

Dutch
Edmond, OK

Racy Biehn <mstrwhytetyger@yahoo.com> wrote:

what about very bad credit can we still invest in Investment Propertoes and
the like or investing in rental hoses or multi plexes. I hear they can be a
great investment as well.

Stephen

Redeemed Investments wrote:
Its ok about your lack of credit. E-mail your number and we can talk about
this. redeemed

ddavenport08901
wrote:

I am looking for financing to purchase real estate but I do not have
enough lines of credit (i.e. plastic). Is there a way to get around
this wall? Thanks





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bad credit people that have bad credit shoudl be no where near high stakes investments etc.

Pay off the debts the owe and long term low risk investments are teh way to go .. for every donald trump there are thousands of broke people

Great advice My husband has tons of DR. bills that we owe.