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Updated almost 9 years ago on . Most recent reply

User Stats

57
Posts
8
Votes
Val C.
  • Rental Property Investor
  • Los Angeles, CA
8
Votes |
57
Posts

multi family with bad credit can i?

Val C.
  • Rental Property Investor
  • Los Angeles, CA
Posted

I have a fica score 426. But I inherited a property in montebello California its free and clear it's worth about 390,000. 

Can I pull money out of the equity and invest in multi family properties? With bad credit?

Most Popular Reply

User Stats

186
Posts
45
Votes
David Dye
  • Real Estate Investor
  • Torrance, CA
45
Votes |
186
Posts
David Dye
  • Real Estate Investor
  • Torrance, CA
Replied

@Val C.

There are a lot of factors in play here... A low FICO is not a deal breaker... However, what lead to the low FICO can make a big difference.  

May I ask what lead to the low fico?  (Feel free to shoot me a colleague request/PM if you are not comfortable posting it publicly)

Cheers!
David

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