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Private Lending & Conventional Mortgage Advice
HomeForumsPrivate Lending & Conventional Mortgage AdviceLow Credit Score so I'm brining in a partner
Todd Fullerlove's profile image
Todd Fullerlove's profile image
Todd Fullerlove
Pro Member
  • Investor
  • from Oklahoma
  • Member since Apr 7, 2019
  • Posts 60
  • Votes 22
  • Experience 5 Yrs
  • Investments 4
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User Stats

60
Posts
22
Votes
Todd Fullerlove's profile image
Todd Fullerlove's profile image
Todd Fullerlove
Pro Member
  • Investor
  • from Oklahoma
  • Member since Apr 7, 2019
  • Posts 60
  • Votes 22
  • Experience 5 Yrs
  • Investments 4
Connect
Todd Fullerlove
Pro Member
  • Investor
  • Oklahoma
22
Votes |
60
Posts
Private Lending & Conventional Mortgage Advice

Low Credit Score so I'm brining in a partner

Todd Fullerlove
Pro Member
  • Investor
  • Oklahoma
Posted Jul 17 2019, 08:21

Hello Friends of BiggerPockets,

I have a deal that I was going to use a small community bank to fund the purchase price and rehab. I made a late payment on my student loans and it dropped my credit score below their requirement. Have anyone had experience bringing in a partner in a situation like this? I want to bring a partner in just to use their score. Would we need an LLC? Are there articles/blogs about this?

Thanks BP

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