Finally, you'll have to be buying some place like Ogden or Box Elder county to really score some of those awesome multifamily deals.

I have a current credit score of 650. the house is currently going for $24,000.

Maximum Financed Properties The maximum of four financed properties includes the subject property.Inducements to Purchase Certain expenses, paid by the seller and/or another interested third party, on behalf of the borrower, are considered “inducements to purchase” and result in a dollar for dollar reduction to the lesser of the sales price or appraised value of the property before applying the appropriate LTV factor.

@Terry Martin-Back My credit score is not that great.

You have the option of a 15, 20 or 30 year term.For A Fixed Rate Purchase, Investment properties, Mortgages 1-4; A SFR requires a LTV of 85%A MFR requires a LTV of 75%A minimum credit score of 620For A Fixed Rate Purchase, Investment properties, Mortgages 5-10; A SFR requires a LTV of 75%A MFR requires a LTV of 70%Minimum credit score of 720Here are some answers to FAQ as well;1.

I have a credit score of about 800 and have about $25k saved up to start investing.

You want to make sure local hard Money and or bank financing is available to you.Credit score and reserve funds Hope this is a good start for you and Congrads on getting involved.Aex

If your credit score and debt-to-income is in good shape you shouldn't have a problem refinancing. 

Work history, income, credit score, etc. are important for new investors like me. 

Also, how do your personal finances and credit score look?