Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 9 years ago on . Most recent reply

Account Closed
  • Cashier
  • Panama City, FL
6
Votes |
14
Posts

Would college loan debt hurt me when asking for a HM loan?

Account Closed
  • Cashier
  • Panama City, FL
Posted

I'm beginning to sink back into depression that I live with off and on, and ever since I left school it's been more frequent. I've called in sick 4 times over my 6 month probation period which isn't good. I think it would be better for me to go to college even if I have to go into debt to give me more structure in my life, have friends again and study something I'd enjoy. Since I began learning about investing, accumulating debt doesn't sound so scary because you're working with big numbers all the time, both in profit and in loans.

But my questions is, if I went into debt, would that hurt my chances of getting a hard money loan? I do plan to save while I'm in college, but I don't want to kill my credit score.

Most Popular Reply

Account Closed
  • Miami, FL
26
Votes |
161
Posts
Account Closed
  • Miami, FL
Replied

Only thing I look for in my loans is no open bankruptcy and no foreclosures. Credit doesn't matter. If you have a 300 that's a diffrent story. Income and debt is irrelavent as well. It's an asset based loan so as long as you have down payment your all good. 

Loading replies...