If you have excellent credit you will have the least amount of hurdles to jump through. When the mortgage companies in are discussing your creditworthiness They are generally referring to your FICO score,looking at your credit. Most people don’t know how to look at their credit scores. But this can be very important when it comes to getting credit. Many company’s use these scores to determine whether you can pay your bills and how you pay your bills. Anything under 600 is considered bad credit. So this is why it is so important to keep an eye on your credit score. And to get a credit report every 6 months to determine if there is any false information on your credit history. You will have access to the best loans and more negotiating room with a FICO score above 710,when looking at your credit score. There are a wide variety of loan options available to the investor in . It is still possible but not probable that you could fine financing for 100% of the cost to purchase the piece of investment property. If your credit is not excellent there are still options available. A second option is to work with the seller and have him or her carry an additional mortgage on the property in which you are working with in . For example let’s say you agree on a price that you and the seller are content with. You get 80% through a bank or lender and the owner agree to finance to other 20% for you as a term of the contract. You will find that the process of getting a loan is less complicated for eighty percent of the purchase price. It is definitely the case if you have agreed on a cost that is less than the market value. Perhaps you agreed upon a final price of $100,000 While the real market value is determined to be 123,000. In this scenario the money coming from the lender is easier to get. The risk is a lot less. For a FREE List of 4 Bedroom Dallas GA Foreclosures & Short Sales under $100,000 click the link or fill out the form below.