I want to buy my 1st duplex, but I have recent late payments
1 Reply
Dorothy Williams
posted 11 months ago
Hello,
I'm 23, started doing research, educating myself through BP and want to buy my first duplex. Theres alot in my area, most already preoccupied. I want to know my pre-approval status, but I feel that I may get denied because of the recent late payments I have on my credit report. 30 and 60 day late payments on my car loans and credit cards. I'm caught up now, but just need advice on should I still look and try to get pre approved, or what is the score lenders are wanting?
I also need to clarify if I qualify for the 1st time home buyer loan to be able to buy my 1st duplex.
Need advice and thank you!
Dorothy Williams
replied 11 months ago
Should I buy my 1st duplex under my LLC? Or what is the most effective way of purchasing a duplex/multifamily home that I am truly buying to make money as a business, not like under me personally? If that makes sense.