All Forum Posts by: Brandon Beale

Hi All. I'm a new investor looking for partners that want to invest in the Canaan Valley, WV area as well as the surrounding areas. I'm not keen on posting this on here, but with no local options I'm here. I'm mainly looking for more experienced investors and those people looking to lend money. I want to be very transparent to the fact that I am a new investor, and I've much to learn. Thanks all for your consideration.

I agree  @Chase London. If you can buy the next one with cash absolutely! As they say... cash is king!

I have a few suggestions for you, don't know exactly what your credit situation is and I'm not asking you to disclose everything here. However, I have been rather successful in rebuilding my credit after two forclosures, two charged off cards and a defaulted car loan as well as loads of medical collections. While my credit is far from perfect in the space of a few years, I've been able to rebuild my scores in the low 400s to now high 600 and low 700 range. So without further ado, here are my suggestions for your credit.

If you don't have any credit cards... get some, and learn to manage them properly, it's not hard really. Fico likes to see a balance to limit ratio of 30 % or less. Although under 10 % is best. 

Moving on if you already do have a couple cards, keep your balances low! Seriously, it's that important. For example, I payed off my cards with my tax return and enjoyed an instant 50 to 70 point jump in my scores!

Next thing. Pay your bill on time every month. Simple enough, and this is roughly 30% of your score.

Finally. Don't be afraid to use a credit repair company if you have some questionable info on your report. Most reports contain errors. I used on for about 6 months last year and they really did clean things up a bit!

I hope these help. Feel free to message me or shoot a text or call if you would like any more input. 

Disclosure: I am not any attorney nor am I affiliated with an attorney or credit repair agency. The above suggestions are only my experiences of things that have worked for me and not intended to substitute legal or financial advice from a qualified professional. 

Happy Investing!

I think you'll do just fine. I really believe in taking action and synchronicity. Start moving in a direction and you'll build momentum in that direction. Then out of the blue, bang! You'll get a breakthrough. I can't count the number of times this has happened to me in different areas of life. The big thing is to get out of your own way, take an action, gage how it's working and adjust. Really it's just letting go of fear. I know that sounds hard, and fear will always be a factor, but look at it this way. Your already dead. Any mistakes you make aren't going to matter once your gone. That thought alone has got me through fear quite a few times. Go out and kill it. 

I feel you man. I'm in a similar boat. Only I didn't loose my job by choice. And right now it's a tough time to find funding. My my girlfriend still has a decent income, but her credits not quite there yet. My credits decent but now I no longer have an income. But I don't think that is an absolute barrier to entry! Keep truckin! That's what I'm gonna do. I'll send you a colleague request. Happy investing!

Ok. I'm using Google chome. I wonder about Internet explorer. May have to try.

Thanks. If it for some reason starts to work on mobile I'll update here.

How in the world do you get mentions to work on Android 5.1?

Thanks @David Dachtera , I appreciate the feedback. All is not completely lost. I have a very small amount of savings, and my girlfriend does still have a job. She's also very supportive of my investing activities. But you are right, I'm free to do pretty much whatever I want at this point. I don't really see loosing this job as a huge loss. More than anything I'm gonna miss some of the people I worked with. But as I said before. In the grand schemo of things, I'm not loosing that much money from this job. And in addition to focusing on a plan for the future, I may have a little more time to focus on some things I've been neglecting lately that are important to me. Like mountain biking, and fishing. 

I do agree that little to no local competition is a good thing. I also agree that I still need an income otherwise thing could get really bad. Although I do think there is a huge opportunity in this. Not just in real estate investing, but in my main career. I'm a chef. And I'm a chef in a town with limited options for good help, so I really think it's about time I get paid fairly for my 15 years of burns and cuts! Additionally, I see an opportunity for a period of self discovery and reflection. Yes, I'm a little bummed out about what happened, but also excited to see what the future will bring. And hell, It's like my girlfriend said last night, the household isn't loosing that much money by me loosing this job, and that I can do better!