creative financing builds more real estate fortunes than any other type of funding known. You can use creative financing to build your wealth. Creative financing is the use of methods that get you investment money you need by recognizing your financial lacks and shortcomings and focusing on them to overcome these negatives in your search for the financing you seek. Thus, when you use creative financing you work from your recognized weak points. Focusing on lack helps you build strong results and a fortune in real estate! 

Your first step in using creative financing tor real estate is to analyze your financial lacks and shortcomings. Here's a list of seven frequently met financial lacks and shortcomings:

1. No credit history—that is, the person never financed a car, a home, a washing machine, or other large purchases. With no credit history, the borrower can't be "checked out."

2. The borrower has a low credit rating on the usual letter credit score of A, B, C, or D. In this rating system "A" credit is the highest or best, while "D" credit is the lowest or worst.

3. History of bankruptcy in the last few years. (If your bankruptcy occurred more than 7 years ago, it will usually be off your record.)

4. Your FICO score is less than 600.

5. You have court judgments against you for not paying bills in the past.

6. You have a record as a convicted felon for earlier indiscretions.

7. Any other negative credit history that's on file about you.

 

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