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HomeForumsGeneral Real Estate InvestingCredit score dropped like a rock after 5th property!
Clint G.'s profile image
Clint G.'s profile image
Clint G.
  • Rental Property Investor
  • from Corpus Christi, TX
  • Member since Jan 1, 2019
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Clint G.'s profile image
Clint G.'s profile image
Clint G.
  • Rental Property Investor
  • from Corpus Christi, TX
  • Member since Jan 1, 2019
Connect
Clint G.
  • Rental Property Investor
  • Corpus Christi, TX
175
Votes |
306
Posts
General Real Estate Investing

Credit score dropped like a rock after 5th property!

Clint G.
  • Rental Property Investor
  • Corpus Christi, TX
Posted Jan 26 2021, 02:07

Hey team!

I bought 3 properties last year giving me a total of 4 investment properties, plus my personal home. When the bank opened my loan on my 4th investment property, my credit score dropped 90 points. This has NEVER happened. My score was just above 800 when this happened, and I never pay late or carry CC balances etc. DTI is solid as well.

Anybody had this happen? Is there a solution?

I'm going to BRRRR this most recent property, but now my credit score is keeping me out of the top tier for the refi.

Thanks!!

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