What are my options with a experian score of 630 , self employed brining in $4k cash

[Jimmy Rojas]

Hey guys, im located in Phx,az and would like to invest on my first property here, I would like to know what are my options, I am self employed and bring in about $4k a month (mostly cash )no paper work to trace my earnings (im in the car selling business)  , experian score 630  1 delinquent acct but it was paid off many years ago, Ideally i would like to put down $10k to $15k tops, what interest rate do you all think im looking at.

[Javier Parra Garcia]

Jimmy,

Best of luck in your journey, you can do it!

And I would recommend looking into DSCR loans or private/hard money. These typically do not require any personal credit checks and are directly based off the property in question.

On top of the $10-15k as a down payment, do you have any capital to invest into the property? More likely than not you will be buying a distressed property that will need renovation in order to flip or rent.