I just received a question via email from a gentlemen asking me if he can invest with a bad credit rating. The simple answer is yes and no. If you can pay cash, then yes. If you can’t pay cash, you need to borrow, for example, by getting a mortgage loan. Then it may be unlikely, depending on if your credit rating is irreparable, but it may be likely that you could borrow if your credit rating isn’t irreparable, if that makes sense.
If you have cash, yes, of course, it doesn’t really matter how bad your credit rating is. If you’ve got cash and you can afford to buy it, invest in property. If you don’t have cash and you only have, for example, a little bit of money for a deposit, then you would need to borrow, and few lenders are going to be willing to lend to somebody’s that’s been financially irresponsible, so that would unlikely. Of course it depends how irresponsible one has been. There may be still some lenders that are willing to lend to you. There’s no real kind of one-size-fits-all answer, it does depend on your personal circumstances.
I hope that helps answer your question. Thanks for asking the question. If you have any more, or anybody else has any more questions, do feel free to email in; I am here to help. Thank you.