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Updated over 9 years ago on . Most recent reply

User Stats

191
Posts
71
Votes
Logan Hicks
  • Business Owner/Investor
  • Millersville, MD
71
Votes |
191
Posts

I have Incredible cash flow, but HORRIBLE credit

Logan Hicks
  • Business Owner/Investor
  • Millersville, MD
Posted

What can I do?

My scores are in the very high fives, to low 600s. I am officially paying off the last of my collections this thursday, and then Ill be collections free, and I can be debt free in less than 6 months after.

I really want to continue expanding my businesses, as well as expand into RE, with a more heavy emphasis on RE than my businesses until the previous and current acquisitions stabilize and the dust settles.

I wont say how much I make, just that I have the cash flow to very easily put down 10 and 20% down payments on houses every two weeks with ease.

I really want to expand into RE in the baltimore area, fort meade area, Joint base Andrews area, college areas across the US, in Tennessee, and in Texas. 

What are my best options with my current score?

Any advice?

Potential avenues to pursue?

Most Popular Reply

User Stats

609
Posts
341
Votes
JR T.
  • Financial services executive
  • Frederick, MD
341
Votes |
609
Posts
JR T.
  • Financial services executive
  • Frederick, MD
Replied

Your best option would be instead of putting 20% down every two weeks buy a property outright every ten weeks. 

Problem solved. No need for credit, insurance, slow closings.

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