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Updated almost 2 years ago,

User Stats

41
Posts
18
Votes
TaRa Mehta
18
Votes |
41
Posts

Credit Score Conundrum

TaRa Mehta
Posted

Hey all,

I've listed my first BRRRR property for rent. It has been renovated REALLY well and I got a LOT of inquiries the first week. Now it has dwindled down. People don't reply back once I say that one of the requirements is a minimum credit score of 650.

Is this really a unrealistic expectation ? Unfortunately for me, the house across is literally falling apart. So a person with a very good credit score might end up considering other options. The rest of the houses on the street are in good shape, and it's a very safe neighborhood. I don't know if I'm overthinking this, or if it is the the cold season that's not bringing in more hits. My realtor told me that if someone had a 650 credit score, they might be considering buying a home. 

Should I really consider reducing the credit score, and then analyze on a case by case basis ? I would love your inputs and your experiences with sticking to this requirement, vs. lowering it.

Thanks in advance ! 

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