Updated over 2 years ago on . Most recent reply
Looking for best options for growth
Hello, newbie here. I've recently been following BP podcasts and decided to participate here. I own a single family home that I've fully paid for. It is currently being made ready for LTR. My credit score is 590 (working on that after a divorce), and I'm self employed for the last 10+ years. How can I best leverage the property that I own to purchase more rentals?
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@Spencer Turner Jr A DSCR loan might be a good option for you since you're self employed. Minimum FICO score is 620, and its an asset based loan. You'll be able to do a cash out refi to purchase another rental.