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3 Alternative Home Loan Options for People with Bad Credit

Rent, Buy & Sell

Great credit allows people to get the best interest rates on various types of loans. Bad credit is usually the result of late bill payments, bankruptcy, foreclosure and loan defaults. These loans are backed by the Federal Housing Administration and only require a minimum credit score of 500.

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Passive Income Ideas: 25 Ways To Earn More Money In 2020

Marco Santarelli

Instead, we’re suggesting you loan money to other real estate investors through crowdfunding sites. You can diversify your holdings, loaning several hundred or thousand dollars to each would-be investor. You get a higher interest rate than you would if it sat in a money market account. Fixing & Renting Property.

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