What's A Good Credit Score For REI?

Comments(8)

• 
  maiapapaya11th February, 2004

  I think that's about the best score you can have. Although I thought FICO scores were based on a scale of 300-850, looks like you've got top-notch credit.

• 
  shikely11th February, 2004

  You don't need a credit score to invest

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  doug_powell11th February, 2004

  864 is fantastic! Get good deals while you can on these low interset rates. Just remember that the additional properties will raise your debt to income ratio lowering your overall score. Conventional lending is not the only way to invest. The Creative Investor is more than just a catchy webs ite address.
  
  Do a good deal through a bank, owner financing or other. Find your niche and you will be successful.
  
  Dig Dug

• 
  RECONLO12th February, 2004

  Highest score I've ever seen and I've seen alot of them. 870 is the highest credit score you can have. <IMG SRC="images/forum/smilies/icon_eek.gif">
  So if you ever need a mortgage loan please let me know [ Edited by RECONLO on Date 02/12/2004 ]

• 
  tinman175513th February, 2004

  950 is the highest credit score you can get
  
  Lori
  [addsig]

• 
  omega113th February, 2004

  Be aware of the falls, incorrect, half correct or otherwise faulty and/or otherwise inconsiderate to a main question response offered by member Lori "tinman1755". Members that post such responses should be admonished buy any poster who she disrespect buy placing the self serving, topic ignoring post.
  lauralee,
  
  To answer your question; your credit score is great and you do not need to make it better to get the best rates. if I was in your shoes, I would concentrate on finding properties in which I can invest my dear investor's money [OPM] >
  
  Good luck!

• 
  tclifford1013th February, 2004

  Hey, lighten up. The original post is an honest question. I'm somewhat new to this sight, but from all the fourms that I have been reading, many that post have scores of 580 up to 864 and they all say that they invest in real estate, or others that post their replys say that there are many creative ways even with a low score. I am fortunate to be on the upper side of the scoring and only care about my score when it comes to getting a good rate!
  
  Lauralee, remember the old saying..."if you got it flaunt it" Go for it and good luck, make $$$$
  
  Tom

• 
  lauralee13th February, 2004

  Thanks for all the input. I'm making my first offer in a few hours.
  [addsig]