Newbie looking for direction

2 Replies

looking to get my first rental property. Currently fixing my credit (will not qualify for FHA) I would like to purchase a rental within next 30-60 days. I have some cash saved but most banks will not loan to me just yet. If anyone could help just pointing me in the right direction where my low credit score won't hinder me.

Thank you 

Originally posted by @Sean Tyson :

looking to get my first rental property. Currently fixing my credit (will not qualify for FHA) I would like to purchase a rental within next 30-60 days. I have some cash saved but most banks will not loan to me just yet. If anyone could help just pointing me in the right direction where my low credit score won't hinder me.

Thank you 

@Sean Tyson, that's gonna be a tough one! Having bad credit is a huge red flag to lenders. You may get away with bringing a higher down payment. Honestly, if it was me, I would focus on fixing my credit score and gaining as much knowledge as possible. I would still look for deals and consider partnering with someone. 

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