Borrower Experience
No previous experience required, as we can provide leverage and financing for newbie investors. However, in order to obtain maximum leverage, a borrower has to have purchased a minimum of 3 investment properties in the last 3 years. 3 years experience as a contractor, property manager, or real estate agent may still qualify. Experience of contractor, property manager or real estate qualifies for a higher leverage.
Credit
Express Capital Financing does not have a minimum credit score criteria. However, anyone with a score under 550 will require interest reserves payments.
Immediate Disqualifiers
- Bankruptcy in the last 4 years / case-by-case
- Foreclosure in the last 4 years / case-by-case
- Short sales or deeds in lieu of foreclosure in the last 2 years
- Financial crimes or fraud