real estate investment and TS/SCI security clearance

[Christina R.]

(Thanks for any replies in advance!)

Not quite sure how to title this post so I hope those in the know will see and respond.  

* my husband and I have excellent credit

* other than our one mortgage on our (personal) residence, we have no debt

* we have read a LOT here on BP and the pros/cons of using credit cards as a form of OPM for downpayments/purchase of real estate.  Intrigued by the idea having that credit rating actually work for us for investing.

All that being said , here are my questions I hope you can help with, there has to be someone out there with a TS/SCI that owns real estate as an investment

* Would using balance transfers and depositing what could be 5 figure sums of money into a joint checking account (for the purpose of down payment and/or rehabbing funds) by the one who does NOT have the security clearance pose a potential employment problem for the other? I.e.,  one month there's 20K in the checking and the next there's 50K - where the heck did that come from - or if disclosures of financials are mandatory, the govt can see we are writing checks to ourselves

* It was detailed to me that one of use could utliize the credit cards and season the funds by depositing them in our joint checking -- then the other could be the purchaser of the investment property and it wouldn't show up on that person's credit report.     Basically we wouldnt' want to do anything financially that would sabatoge the ability to sustain a clearance. Is it enough to have the one without the clearance do the credit utilization and take the hit on the credit score and the one with it to do the purchasing or is it irrelavant who does what in this situation?

We are very conservative financially so basically this is really just questioning about the concept of using credit cards to rehab/downpayment/do marketing for REI.

Thanks again!

[Jeff J.]

If you keep your credit clean and have a documentable situation you shouldn't have a problem with your job. I don't think it very wise to advertise the fact that you have a security clearance to an internet chat board.