Do you have poor or no credit? Have you been turned down for a real estate loan? Are you interested in real estate investing but don't have the credit score or the cash that lenders require? If you have one of these problems then real estate investing is still possible, but you may have to be a little creative. There are several ways that you can invest in real estate without having to use your credit score or cash.

One of these ways is to find a partner who will meet the lending requirements. This could be someone who has the credit score or the down payment that you require. It may be as simple as having a cosigner for a loan. Another way is to flip a house using a double closing. This method is usually not preferred by lenders, and some will not even consider a loan if there is a double closing. Some lenders also have seasoning requirements, and these requirements basically require the seller to own the property at least six months before the sale. This is not a law, however, and many lenders do not have these requirements. There is nothing illegal about finding a buyer for real estate and then finding real estate for sale that meets the needs of the buyer. This is usually done with the purchasing funds being put into escrow. The real estate investor profits to the amount of the price difference in the selling price and the purchasing price without ever using any of their own funds, and there are no checks on the investor's credit.

Subprime financing is another method available to real estate investors whose credit scores are not high enough or who may not have the required down payment. There are national lending companies who normally will provide a loan for up to seventy percent of the value of the property without verifying a down payment or needing high credit scores. The interest rates on these loans may be a little higher because of the risks involved for the lender.

A lease option is another great way to invest in real estate no matter what your finances or credit score are. This involves finding real estate for sale and then having the owner sign a lease stating all the relevant facts. The lease should specify that you have the right to purchase the specific property for the intended length of time for the specified amount. You then go out and find a buyer for the property within the lease time frame. None of the money is from your pocket and your credit is never even checked. You make the price difference between the buying price and the selling price.

No matter which method you use to invest in real estate with no credit checks or money down, it is possible to invest in real estate with these issues.. Don't let these two things stop you from your investment potential. You simply need to be a little more creative to find a solution to your investing obstacles.

Copyright ? 2007 Joel Teo. All rights reserved. (You may publish this article in its entirety with the following author's information with live links only.)