Question
need apartment, horrible credit, but have lots of money?
I'm 22, been unemployed for 3 years. Currently live with mother. My credit is really bad, we're talking 3 debt accounts and a judgement bad. I'll need to move out in a couple of months. I do, however, have over $300K saved up in the bank. The problem is, I dont want to commit to buy a house as I'm not planning on staying in this area (northern virginia, USA) for very long. How do I get a company owned landlord to give me an apartment? "I doubt anyone. You cna afford to pay your bills, but don't." <------- I acquired that debt back in 2006, when I had to leave my job. There wasn't much I could do about it. I acquired my $300K in 2009. So I payed off my debt, but the judgment and the debt accounts, I've learned, will remain in my credit file for the next 5 or 7 years.
5 months ago - 5 answers
Best Answer
Chosen by Asker
Most will not even give you a chance with bad credit. Some will take you but with a larger security deposit and or pre-paid rent. All you can do is apply and try to negotiate. HEATHER: $300K is $300,000.00 NOT $300.00 And yes, that is a lot of money!!!
Source(s)
I'm a property manager
by Wildcat
5 months ago
Asker's Rating: 
Other Answers
I doubt anyone. You cna afford to pay your bills, but don't.
by Landlord- 5 months ago
If you think $300 saved up is "lots of money" you need to stay with your mom for a while. Get a job, get your credit straightened out, then think about looking for an apartment. You aren't going to get one anywhere now with only $300 and no income.
by HEATHER- 5 months ago
Take some of your savings and improve your credit.Credit plus cash equals real estate.
by tlute25- 5 months ago
Most of company owner landlords ask for aditional deplosite if you have no/bad credit. I paid 2 months rent for my first renting.
by Sachin Gupta- 5 months ago