If you’ve ever wanted to invest in real estate, the first thought that likely comes to mind is whether or not you can afford it.
Money is the central theme around investing in real estate—spending it to get properties and improve properties, and then earning it from tenants, building up savings or a retirement fund, and then repeating the cycle as it builds on itself.
But there’s a major hurdle than can come across the path of a would-be investor: bad credit. Bad credit or a general lack of funds can seem like a massive problem. After all, doesn’t acquiring real estate require a down payment and approval for a mortgage? How in the world can you get approved if your credit is terrible?