Buying a House With Bad Credit



Posted: Friday, November 20, 2009

by
http://www.squidoo.com/TheContractWizard

Buying a house with bad credit is no different then what I do as a Real-estate Investor every day. I am going to explain to you in this article how I purchase houses for way less then asking price. Maybe you will find a good method you will use purchasing your home! I'll even give you the contract to do it with custom made by you.

How I will help people buying a house with bad credit.

I know you are most likely not going to believe what I am about to tell you. That is ok, I am not targeting you with this article then. I am targeting the people who want to purchase a home with little to ZERO money down, and do it using these stratagies. It can be easy, and or it can be hard and time consuming. It really depends on the home you are trying to buy.

How could I be buying a house with bad credit in little to no time?

First of all, you will need a strategy for buying a house with bad credit. There are many, many startegies we could chose from to successfully buy a house with bad credit. But we are going to focus on one method. This particular method it one that I use regularly. Basically, you can sum it up fairly easily.

Step One: Find a prospect!

Be pro-active, place an add in the local paper, post on craigslist, and best of all talk to people! Put the word out that you are looking. If you do not do this the odd's of you finding a home you like go down drastically.

Step Two: Talk to the OWNER, not a realtor!

Do not waste your time trying to convince a realtor that you are going to be able to buy a home with bad credit. They do not understand this concept. If they do understand, they do not like it because a realtor works off of comissions, and seller financing deals make it hard for them to earn anything. So talk to the owner whenever possible while you are searching for a house that suits.

Step Three: Make Three Offers that expire only a day or two after you make the offer.

First off, you will need to write contracts, this in not as complicated as you might think.

(I have placed a link at the bottom of the page to my website that explains in detail different options for this using a video walk through)

If you would like to learn more about buying a house with bad credit do so here: http://www.squidoo.com/Seller_Financing_Contract

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