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Updated about 4 years ago on . Most recent reply

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Stanislav Sagan
  • Minneapolis, MN
0
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Is Fico Score needed to get great deals?

Stanislav Sagan
  • Minneapolis, MN
Posted

Hi everyone! Are there good alternative ways to acquire real estate deals with no Fico score? I'm 20 yrs old looking to invest in RE in the near future. What's stopping me right now is mainly lack of capital. It seems like every single person I know and don't know, tells me that in order to get and buy great real estate deals I need an excellent FICO score. How true is this? I manage my money well. Don't have any debt. I've never had any credit cards, never really plan on or see the need in having any. The only time might consider some is for business cashback, although to apply for most of these I need a credit score as well. It does really seem like a debt trap cycle for the "little man" to me. What are your best and worst methods to invest in re without Fico score? TIA for all your input!

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