My wife and I are real estate investors. We both have regular,full time jobs. W-2s and all. Our income keeps rising , and I use offers from credit card co's. to invest, in not only real estate,( we own 4 duplexes,and our house, all with mortages.), but also in silver and gold.(short term-less than a year , for gold.) We are regular savers, and the highest interest rate we are presently paying , on our credit card debt is 4.99% , fixed. Another is 2.99% fixed , And ALL the rest are 0%. Our mortgages are all fixed rate, we own our vehicles outright. We earn over $900.00 per month , from our properties, yet our credit scores , which were in the high 700s , have fallen to the low 700s.
We do not intend to stop buying real estate, and we search for properties that we can rent , with a positive cash flow.
A significent portion of our income is from rentals. This income , as well as the increase in our real wages, IE w-2 income , does not seem to be reflected in our FICO scoring.
We are frustrated by this , as a lowering of our credit score , could impact our 0% C.C. debt.
We are risk takers , but Calculated risk only.
Several properties have private mortgages , and they do not show up at all, as either assets , or liabilities.
Our net worth grows by over $1000.00 per month, presently , yet our scores are stuck in the low 700s.
Outside of paying down the C.C. debt , which means not buying any more properties , is there any way to improve our credit score?