All Forum Posts by: Byron Grim

@Shamsul Chowdhury inquiries will have a minimal impact on your credit score assuming your revolving debt (credit cards, HELOCs,store charge cards) is low. Inquiries will stay on your credit report for two years, but only affect your score for one year.

So if your seasoning period is within 12 months of completing your deal you would have gotten those points back for your FICO score.

Additionally, shopping for the same mortgage product within two weeks will impact your credit score as if it was one credit pull. All of the inquiries will show on your report because they must show who accessed your report.

I recommend you 1) pull your credit report from MyFICO.com before you shop for your loan 2) shop for the same mortgage product within two weeks 3) pull your credit from MyFICO.com after you are done shopping. Your score should have a minimal negative impact.

I am thinking about doing this same exact thing right now

@Todd Powell thank you for your insight my friend! Seems pretty straight forward.

"Good deals" are heavily based on you being able to identify a good deal for the BRRRR strategy.

What do you have your realtor look for when you have them comp deals?

What additional research do you do to identify a good deal?

Other than MLS what strategies have you used to generate leads for deals?

Are you looking for any specific topic?

Grant Cardone - Sell Or Be Sold ... A good book to read even if you are not in sales

The Book on Flipping Houses .... A good book even if you are looking to buy and hold or wholesale 

Awesome! Thank you all! I will be getting that book and checking out Kevin. This will help a lot!

Hello all,

I currently have a single family home that I am currently renting out. I moved back home to pay down bad debt (credit cards) and save for another property.

I have excellent credit but less than 5K saved. Are the any methods or books I suggested to help me understand how I can purchase a duplex - fourplex?

I plan to use the house hacking method and move into one of the units.