Posted by Carl Snyder on August 17, 2009 at 15:32:42:
Greg, You can buy investment property with 80% conventional financing with your credit score for investment.(The catch is it is 15 year financing.Flippers generally go another route.)
It would be worth your while to work on improving your credit score. For example, at 700 FICO, 30 year financing becomes available. At 720 FICO,I have I/O financing and adjustable terms (5/1 etc.)available to you for investment property.
How to get Lenders begging for your business? - Posted by Greg
Posted by Greg on August 14, 2009 at 19:01:03:
Hello, I’ve been hearing this a lot lately. My credit score is 650, my income is $2500 a month. The most ideal method of buying/flipping properties would be getting it through a loan, but seems like all lenders are not willing to do this. How do I get lenders wanting my business over and over? Thank you.
Re: How to get Lenders begging for your business? - Posted by sue
Posted by sue on August 28, 2009 at 22:41:35:
if you wholesale a few deals first you can build cash reserves and or finishing bringing your score up. Need help with that? 814-327-9473