Vincent Chen
Usage of Home LOC impact for credit score
Had credit score slightly above 700, would like to get LOC based on my rental property from penfed, just curious the usage of LOC impact for my credit score.Let's say if I got 100k LOC on my rental property, if I use ...
Renee Lee
Strategy DTI to high credit score 775/780
I’ve got a strong credit score. And I’ve got a total of six doors. But I can’t seem to qualify for an additional property due to my debt to income ratio. I’ve owned all but one of these properties for more than 15 yea...
Zack Thiesen
Impact of Credit Score on Refinancing with BRRRR
I have a property in California I've owned for 3 years currently in the sale process and looking to net around 120k after closing costs. I am younger and a carpenter by trade looking to get into BRRRR'ing out of state...
Murat Caliskan
No money down with a 620 credit score
Hello BP community. My first post here and very excited. Any informational help will be appreciated. Long story short. My first house with FHA bought in 2016 which is a 3 unit multifamily. And the 2nd house with %5 do...
Jeff T.
Property Manager refuses to pull FICO Credit Scores?
I asked my PM to provide actual credit scores instead of just the credit history. I have a hard time deciphering various delinquent accounts etc.. and just want a Credit Score to evaluate a tenant.The PM reply is bel...
Khris Clymer
Requiring "Good" credit instead of a specific score?
Instead of listing a credit score of 600, could you say the requirement in the application is that "Good" credit is needed? It seems like this would give you some wiggle room for denying prospective tenants.
Adebimpe Teluwo
New REI. Little capital and good credit score
I recently attended a real estate education workshop, and I have decided to be an investor. I feel like I should exhaust all my resources before I pay a huge sum of money for real estate education. I know it is not g...
Christopher Lugo
Should I not build my credit score up?
Should I listen to Dave Ramsey's rule and not build my credit up. I want to start investing into Real Estate at a young age, Im only 20 right now and don't know if I should start to build my credit up. Dave Ramsey say...
Steven Peterson
Credit score barely below requirement, accept or decline?
We have potential tenants that seem like a great fit other than the credit score is just below our requirement of 600. Is there a good way to make up for this? Conditional lease? Increase deposit requirement?
Robert M.
High utilization of HELOC impact on Credit Score
This has been discussed previously on Bigger Pockets and online, but answers are unclear (the online blog entries conflict wildly, see below for a couple of examples). I'm trying to get a handle on how much a high ut...