How to Finance a Rental Property: DSCR Loans vs. Conventional (Ep. 287)

Are Credit Scores Actually Necessary for Real Estate Investing? Jordan Nutter at NFM Lending is back with Mary Jo Irmen for Part 2 - to break down investment lending.

They cover how to fix your credit scores before you buy,  DSCR loan  vs conventional for rentals, long-term vs short-term rentals, midterm / Furnished Finder rentals, second homes with 10% down, PMI removal, bankruptcy wait times, mobile homes, and how assuming a mortgage really works.

If you have collections, lates, high utilization, or you're 6 months out from buying, you need to book Jordan's FREE credit help call here: https://anutterhomeloan.com

Chapters

00:00 Preview: Free credit help from 3,000+ credit reports

00:39 Welcome back Jordan Nutter - Part 2: Investment lending

01:55 Bad credit score? Where to start

02:39 Late payments: 30, 60, 90, 120-day impact

03:22 Utilization: revolving vs installment debt

05:02 Please stop co-signing

05:34 Collections vs charge-offs

06:42 Pay-to-delete: negotiate BEFORE you pay