Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Creative Real Estate Financing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago,

User Stats

5
Posts
0
Votes
Annabel Valencia
Pro Member
  • Oklahoma City, OK
0
Votes |
5
Posts

Own 1 rental $800 mo cash flow, terrible FICO, finance options?

Annabel Valencia
Pro Member
  • Oklahoma City, OK
Posted

Hello newbie here looking to buy my 2nd rental prop.  I own an out of state condo in Louisiana; estimating it's value at around $75K conservatively.  It has been bringing in $800/mo rent for some years now.  I've been hands off with that property (mom manages it currently) My credit score is horrible, under 600 and I have no savings at the moment : /    Wondering what my finance options might be, as in what type of loan ???  My head is spinning with all the new terminology I'm trying to learn. I've not read the book about No or Low $  Investing yet, but I will if that's where I should start.  I'm wanting to get started soon with the goal of investing in 1 property per month or as close as I can get to that #. Thanks and glad to be here!

  • Annabel Valencia
  • Loading replies...