Help getting my finances sorted to purchase in November-

[Rosemary Cubbage]

Hi BP friends,

I have a few questions. I am hoping to make my first investment by the end of the year (Nov.-Dec. as I will be visiting the States during that time) and first need to get my financing all figured out.

One of my questions is this- I have a credit score of 710-720. I am the one interested in buying the investments, although my husband and I share everything. Basically, we are self employed and earn an income together, file taxes together and share a bank account (same steady income for the last 7 years). The only thing that is solely mine is my Roth IRA. This all makes me think that we will have to purchase the house jointly. I have heard that the lender will then use the lesser credit score. Unfortunately, I have no idea what his credit score is (we will do a credit check for him soon). I've always had the credit cards and we've never had any real debt to pay off (we still have no debt) so I am assuming he doesn't have any credit history. We are first time home buyers, have 20-25% down, 30 year mortgage kinda people. Does anyone know if we have to purchase jointly? (Our goal is to have 10 or so properties)

I am living out of country now, but am a U.S. Citizen. All of our income comes from the US.  This is why I am interested in a truly turn key investment that I could begin closing on before the end of the year. Does this timeframe seem doable?

Thanks for any and all feedback, referrals and advice.

Rosemary Cubbage