Hello,
I’m renting a house from an owner who is a motivated seller. We were suppose to rent for a year then buy the house. Unfortunately, my credit was not high enough to get 100% financing. My scores are 509, 488 & 550. The owner called us & told us that she was looking for another realtor, so we were under the impression the 2 sisters had a fallen out. The owner recommended a loan officer, who we submitted our paperwork to. Before the loan officer pulled my credit reports, my credit scores were 514, 489 & 561. Now we get a call from the realtor who did not know the owner referred us to someone else. You know I’m >:(. I would have been halfway to the points I needed to get finance & this cost me 11 freaking point. I have not done any deals & do not have any money or good credit. I’m told that is not a problem for getting starting in rei. I’m looking to start in sub 2 deals & maybe wholesaling. At this point, we’re set on moving out of this house. My question is as a beginner rei, is there anyway I can get this house as a rei. If so, how. I have a real estate name already with ein, but not llc yet. Can someone please help me or do I just need to move on.