All Forum Posts by: Larissa Luna

@Patrick Fraire

Most of them are pretty high, between 18-27%. Thanks for the advice, we will be going that route.

@Jeremy Blevins

Yea that’s what we’re thinking we’ll end up doing. I’m glad to hear it worked out for you and your wife, thank you for the advice!

@Bjorik Mutize

Good advice, we will be doing our research in the meantime. Thank you

@Caleb Heimsoth

Thank you!

@Kiera Underwood

Unfortunately we can’t house-hack the home we currently own (discovered bigger pockets and investing after we already had our home). Thinking of selling and moving into a home we actually could house-hack. Thanks for the feedback!

@Aaron Wade

Well we also have 2 car loans, not much left to pay off on one and the other is about 16k. I will definitely work towards aggressively paying down the debt, thank you!

@Bob Woelfel

Thanks for the input! That’s what I’m thinking, going to get rid of this debt.

@Alex Bekeza

Thanks for the feedback. That’s what I’m leaning towards and will probably end up doing. Just didn’t know if there was something I was missing or not thinking of. Thanks again!

@Ryan Bonner

Thanks so much for your input! Current credit card limit combined is 54k, so we’re at about 45% usage which is making a big difference in our credit. Prior to the increased balances my credit was around 718 and has dropped to the lower 600’s with nothing in collections or late payments.

Hello!

I'm wondering what would be the smartest thing to do with the 15k we have. We could either use it all to pay off some of our credit card debt to increase our credit scores and so that when do invest (we want to use the BRRRR strategy) we can do so without worrying too much about being declined for a refi because of our debt/scores.

We have about 24k total debt just in credit cards, so we'd have around 9k still after paying the 15k off.

Our goal is to invest out of state where it isn't so expensive, but now typing this out I'm not even sure if we could get a regular loan to purchase an out of state duplex with our down payment if our debt isn't lowered and credit scores aren't brought up? 

I guess I'm leaning toward using it to pay down debt but it would be nice to hear any opinions or maybe other ideas of what I could possibly do with it? Thanks!