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Updated over 7 years ago,
New to this site, but not new to investing.
So hey guys my name is Matthew I'm an investor in Philadelphia pa. I'm 26yrs old and own two properties. I also have a full time job. I got my start in real estate by reading Rich dad poor dad, it simply just change the way I thought about finance and the type of life I wanted to live. I bought my first house at 21 it was a duplex. I lived in one unit and rented out the other (which more than covered the mortgage.) I purchased my second property (3bed/2bath single) using owner occupied financing (5% down)two years later. The rent collected from the duplex covers both mortgage. The plan was to buy another house using owner occupied financing two years later, but sadly I was involved in a pretty bad motorcycle accident which put me back a couple years. I'm adjusted to my new life now and looking very much so to get back in the real estate game. I came across the bigger pocket's book on investment with no or little money down. Which lead me to the Podcasts, I started at episode one (I'm trying to catch up.) and from there I joined the site so now I'm here. My real estate goal is to ultimately own a large apartment complex and have a property management company manage it so I can have control over my time and what I do with it. I hope to learn a lot from the members on the site(i've learned so much already from the Podcasts) and also give back what I know. I will be closing on my 3rd property next month. I have so many topics/ questions I would like to go over, but there is one that is the most pressing.
I could use some advice.
I'm working with a bank currently to purchase my third property. I got prequalified for the mortgage back in April but also around that time I applied for two credit cards so they didn't come up on the credit report that they ran. One of the cards has a 9% interest rate so I open it to transfer the balance for my higher interest credit cards to it. The other is just rewards travel card. The travel card has a 0 balance and the new lower interest card is almost maxed out, but The two cards balances that I transferred now also have 0 balances. I really wasn't thinking about it until the past few weeks. What should I do, in regards to the two cards that I opened and letting the bank know?