Credit Investor/ Getting Financed- Please Advise..

Financing, Hard Money Lenders, Private Money
1

Hello,

I hope everyone is well. I am interested in having my credit used as a credit investor and like to know anyone’s opinion, comments or suggestions.

Also, how is it possible to get a $0 down, 100% financed with just my credit. My credit is over 700 and find deals with nice equity that I’d love to get into. My problem is, I have debt, have a decent job but not a great salary and no assets, etc. Yet, I know with some of this places I will come out on top to clear all that up. If there is enough equity in the deal to cover a year’s payments plus enough to rehab, pay realtor if necessary, and take some for myself and still make a profit after selling it in a year. Is it possible for the lender to qualify the equity as enough to give you the loan… I doubt it but just wondering how people get these loans.

If anyone has any advice, please let me know.

Thank you,

givey38

2

Hi,
the only way you can get 100% on an investment property is if you have a 6 month piti reserve. With your scores you can get up to 95%, but the rate won’t be real pretty. You’ll have to go into a stated program and that raises the interest rate some. You defenitely can get financing and make a profit on a flip in a year.

Good Luck,
Andy

3

Go hard money. Make money.Pay off your debt. Go thru conventional.