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Updated almost 6 years ago,
Real estate investing and credit score
Hi,
I am fairly new to real estate investing, and very interested in growing my real estate portfolio. I purchased my first duplex in 2016 with an FHA loan and have lived there since. I am now under contract for my second duplex with my sights already set on my next investment. I am using a HELOC on my first duplex to help supplement me on the second property. All of this debt added on top of my student loan debt makes me curious as to how my credit score may react, and how difficult it may be to swing my next deal. I have never missed a payment and my credit score is generally in the high 700s, but I was wondering if anyone had any advice or insight.
Thanks in advance!