What is corporate credit versus business credit? What do ARM, FHA, and DSCR mean as you try to make sense of the acronyms in the real estate game and get your first property? 

Joey and AD aren’t beefing in this information-packed episode of UnCommon Estate of Mind — rather, they’re fleshing out all you need to know about your credit options and what loan option is best for you as you enter the exciting world of owning real estate. 

This information is golden for anyone wanting to separate their personal credit from their business credit, as well as understand how banks are going to assess your credit score. 

With as little as $50K down payment, you could be on your way to owning your first property. 

Are you keen to get $35K in repair costs as part of your loan too? How you do that – and more – lies inside for you on UnCommon Estate of Mind.

In This Episode:

- How did Joey and AD first learn about credit?

- Unpacking Joey’s Three Tiers of Credit

- Personal Credit versus Business Credit – what’s best?

- Understanding the Utilization Rate

- Getting 20% more cash through your business

- What is corporate credit? 

- What is an EIN number?

- Unpacking AD’s Top 3 Loan Options 

- Understanding ARMs (Adjustable Rate Mortgage) 

- Can you flip a property using an FHA loan?

- Factoring in $35K in repair costs with an FHA 203k loan

- Weighing up the pros and cons of a DSCR loan

And more!

- Contact Uncommon - https://www.instagram.com/uncommonestateofmind/

[email protected]

Connect with Joey Garba:

- Instagram - https://www.instagram.com/mrjmaze/

Connect with Ademola Dawodu:

- Instagram - https://www.instagram.com/adtheflyrealtor/

- Personal -https://linktr.ee/adtherealtor

- TMG Investment Real Estate -https://tmginvestments.com/