Bad Credit Mortgages for Rental Property
Let’s take a hypothetical situation to review for a moment. Let’s say, “It’s for a friend.” This friend made some pretty bad financial decisions in the past and has quite a bit of debt due to consumer spending. This friend also got divorced and the financial situation was sent into an even graver state. However, this friend has matured quite a bit in the past five years and is very entreprenuerial in nature. He would like to buy a rental property to supplement his income, but isn’t sure where to go for a loan or if one is even possible at this point. Is it possibel to get bad credit mortgages to use for rental properties?