Question Details

lee anne, Both Buyer and Seller in North Carolina

I have several rental properties, but a lousy credit score caused by inattention to detail and followup, any

Asked by lee anne, North Carolina Mon Jan 7, 2008

suggestion on fixing it to get more properties and go to the next level?

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2
If you do not have attention to deltail, many of us dont so, dont feel bad, I would recommend staying away from investment real estate. Invest your money in mutual funds or other sources where professionals manage your investments for you. It takes a certain type of person to juggle real estate investment property and all of the risks associated with it.
0 votes Thank Flag Link Tue Jan 8, 2008
By paying down credit cards to under 30% of your credit limit; ideally you only want to have 2 cards. It will take time for the credit agencies to pick this up, I work with a lender who will "rush" changes such as credit card payoffs. You can also work with a lender who does hard money deals, you'll just be paying a lot more on these types of loans.
0 votes Thank Flag Link Tue Jan 8, 2008
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