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Updated about 8 years ago on . Most recent reply

Val C.'s profile image
Val C.'s profile image
Val C.
  • Rental Property Investor
  • from Los Angeles, California
  • Member since Dec 5, 2016
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Val C.'s profile image
Val C.'s profile image
Val C.
  • Rental Property Investor
  • from Los Angeles, California
  • Member since Dec 5, 2016
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Val C.
  • Rental Property Investor
  • Los Angeles, CA
8
Votes |
57
Posts
Buying & Selling Real Estate

multi family with bad credit can i?

Val C.
  • Rental Property Investor
  • Los Angeles, CA
Posted

I have a fica score 426. But I inherited a property in montebello California its free and clear it's worth about 390,000. 

Can I pull money out of the equity and invest in multi family properties? With bad credit?

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David Dye's profile image
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David Dye
  • Real Estate Investor
  • from Torrance, California
  • Member since Jul 3, 2015
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David Dye's profile image
David Dye's profile image
David Dye
  • Real Estate Investor
  • from Torrance, California
  • Member since Jul 3, 2015
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David Dye
  • Real Estate Investor
  • Torrance, CA
45
Votes |
186
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David Dye
  • Real Estate Investor
  • Torrance, CA
Replied

@Val C.

There are a lot of factors in play here... A low FICO is not a deal breaker... However, what lead to the low FICO can make a big difference.  

May I ask what lead to the low fico?  (Feel free to shoot me a colleague request/PM if you are not comfortable posting it publicly)

Cheers!
David

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