How important is credit scoring when getting started?

[Melissa Howell]

Hi everyone, I am so glad to be apart of this group. It is my goal to build my own personal empire for myself and children. I am a single mom that always wanted to get into investing but was not sure how to start. I have been paying down my bills (2 Credit cards, Student loan and auto loan) and I am current . Do I need a credit score of a certain threshold to start investing? 

[Nate Monson]

Hi @Melissa Howell If you're looking to use a 30 year conventional loan for your first investment your credit score will be looked at by the banks underwriters. So if you were looking to house hack for example your credit score would probably be looked at. 

If you're using commercial lending or hard/private money to do a rehab to hold or flip this is a scenario where your credit score likely would not come into play. These type of lenders are more concerned with the performance of the deal and the experience of the investor rather than your personal financial picture.