Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago on . Most recent reply

Account Closed
  • Investor
  • Surprise, AZ
110
Votes |
156
Posts

How new mortgages effect personal credit score

Account Closed
  • Investor
  • Surprise, AZ
Posted

So I have my former residence in my personal name (which I am renting out) and recently purchased another home (which I currently live in). 

I intend to rent this one out as well. I bought my current home in July and it just hit my personal credit report, (4 months in) no biggie, I took a one point downgrade.

For those that purchase investment homes in their name, rather than the LLC name, how has it impacted your credit score? I plan on buying more properties obviously, but how will that tank my score outside of my LLC?

Most Popular Reply

User Stats

870
Posts
345
Votes
Frank S.
  • Specialist
  • Chicago, IL
345
Votes |
870
Posts
Frank S.
  • Specialist
  • Chicago, IL
Replied

Mine went up a few points after the last one (805). Google for credit simulators.

Loading replies...