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All Forum Posts by: Brandon O.

Brandon O. has started 13 posts and replied 39 times.

Post: Credit trade lines

Brandon O.Posted
  • Real Estate Investor
  • Evergreen park, IL
  • Posts 39
  • Votes 3

maybe I'm using the wrong terminology guys @Antonio Coleman @Chaz Reid 

what happens is you purchase credit lines from people who have a large credit limit with a long history of on time payments and that person can put you on their credit card as an authorized user so now you can benefit from his or hers credit history and that should increase your credit score over time

Post: Credit trade lines

Brandon O.Posted
  • Real Estate Investor
  • Evergreen park, IL
  • Posts 39
  • Votes 3

BP family, does anyone have experioce with credit trade lines? I'm looking to purchase a few to improve my credit score so I can acquire a few rental properties. Any guidance given is appreciated

Post: Driving for Dollars

Brandon O.Posted
  • Real Estate Investor
  • Evergreen park, IL
  • Posts 39
  • Votes 3

*mailing @Stephen Chatto 

Post: Driving for Dollars

Brandon O.Posted
  • Real Estate Investor
  • Evergreen park, IL
  • Posts 39
  • Votes 3

@Stephen Chatto I really appreciate eloquent words! The USPS making envelope is an excellent idea that I will start implementing, thanks for the advice again 

-See You At The Top

Post: FHA loan

Brandon O.Posted
  • Real Estate Investor
  • Evergreen park, IL
  • Posts 39
  • Votes 3

Thanks everyone! @Elizabeth Colegrove 

@Mark F. 

@Steve K. 

@Travis Sperr 

all that being said I won't take that risk! part two question, What if my RE partner (who is my younger brother) and I get on the loan together and he just occupies the space is that legal?

Post: FHA loan

Brandon O.Posted
  • Real Estate Investor
  • Evergreen park, IL
  • Posts 39
  • Votes 3

Hello BP family, I wanted to take out a FHA loan for a 1-4 until building because I feel with the 3.5% DP that's a good route to go. My question is I know in order to go this route you must live at the property at least a year before leaving. Right now I have a home with my wife and two boys and obviously have no desire to live at another residence. I've heard a few real estate experts explain to me that they know quite a few people that have done the FHA route but didn't live there and nothing happened. Before I dive into this endeavor, I wanted to make sure if this was a good move I don't want to face any legal penalties by doing this? How would anyone even find out? Your feedback is much needed and appreciated!

Post: Newbie from Chicago, IL

Brandon O.Posted
  • Real Estate Investor
  • Evergreen park, IL
  • Posts 39
  • Votes 3

Welcome to BP hopefully we can connect soon and help each other out! @Chris Williams 

-See You At The Top!

Post: Driving for Dollars

Brandon O.Posted
  • Real Estate Investor
  • Evergreen park, IL
  • Posts 39
  • Votes 3

Great day all! My brother and I are new RE investors and are very excited and anxious on this new endevour. We decided the best way to build income and get skin in the game is by by going the wholesaling route. We've been driving for dollars looking for homes in the area that are in distress that might be on it's way to a forclosue. My question to my BP family is what are some things you look for residential homes that are possibly in distress? Also we're thinking about getting a list absentee owners and sending them letters, is this a good route to go as well?

thanks for you time and responses!

-See You At The Top

Post: Driving for dollars

Brandon O.Posted
  • Real Estate Investor
  • Evergreen park, IL
  • Posts 39
  • Votes 3

Wonderful @Victoria Winters 

I appreciate your assistance! I'm going to message you now

Post: Driving for dollars

Brandon O.Posted
  • Real Estate Investor
  • Evergreen park, IL
  • Posts 39
  • Votes 3

thanks @Aaron Mazzrillo 

that was awesome insight and I appreciate your time man! Have you had any luck with this approach DFD?