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Updated over 9 years ago,
are there any lenders that will lend based on rental property history and performance?
Hi Everyone,
I own 5 properties free and clear , they have been rented between 2 years and 9 moths , people pay on time , no issues. Personal credit is not that great. and properties are purchased under LLC. I heard that some banks will use rental income alone without using personal fico score. mine is around 600 , down due small 25 dollar payments missed.
I am looking for a lender that will do a mortgage in Illinois , I live in California , and properties are under LLC.
Each property worth about 80 K , looking to cash out or do a equity line, I want to buy more properties with the money.
help would be greatly appreciated .