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All Forum Posts by: Monica De Leon

Monica De Leon has started 1 posts and replied 10 times.

Post: Can I rent to myself and report payments to credit bureaus?

Monica De LeonPosted
  • Atlanta, GA
  • Posts 10
  • Votes 2

No Bud, I do not. I get that you're saying to do this would be illegal. Thank you for making that plain. 

Post: Can I rent to myself and report payments to credit bureaus?

Monica De LeonPosted
  • Atlanta, GA
  • Posts 10
  • Votes 2

Thank you for that suggestion Steve. I hadn't thought about using a credit card. 

Post: Can I rent to myself and report payments to credit bureaus?

Monica De LeonPosted
  • Atlanta, GA
  • Posts 10
  • Votes 2

True Anthony, very true. :) Actually, that's what I've been doing, paying for things in cash as I save. I was looking into getting a loan this time to get the project completed all at once.

Post: Can I rent to myself and report payments to credit bureaus?

Monica De LeonPosted
  • Atlanta, GA
  • Posts 10
  • Votes 2

Thank you Mike.

Post: Can I rent to myself and report payments to credit bureaus?

Monica De LeonPosted
  • Atlanta, GA
  • Posts 10
  • Votes 2

That's a good point Sergey. There are HOA payments that I make but again, it's not rent.

Post: Can I rent to myself and report payments to credit bureaus?

Monica De LeonPosted
  • Atlanta, GA
  • Posts 10
  • Votes 2

Thank you Chris, that is really helpful. I'll look into today.

Post: Can I rent to myself and report payments to credit bureaus?

Monica De LeonPosted
  • Atlanta, GA
  • Posts 10
  • Votes 2

Thank you Chris, that is really helpful. I'll look into today. 

Post: Can I rent to myself and report payments to credit bureaus?

Monica De LeonPosted
  • Atlanta, GA
  • Posts 10
  • Votes 2

I'm trying to improve my credit and rental payments can be reported to the bureaus.

I own the property free and clear so I don't have a mortgage. Improving my credit to qualify for an HELOC is worth paying a bit more so that i am able to fix up a duplex that I have and haven't been able to get funding to fix up and rent out.

Post: Can I rent to myself and report payments to credit bureaus?

Monica De LeonPosted
  • Atlanta, GA
  • Posts 10
  • Votes 2

I've seen posts about renting to myself for tax purposes but I does anyone know if I could set myself up as a tenant and make rental payments for my personal property and if I were to do so, could I report the payments to the credit bureaus?

Hi, I just saw this post because I am interested in doing the same thing. Could you tell me if I would need to contact my bank about how to get this done? Should I speak to a lawyer to set it up? Any more suggestions you have I'd appreciate. Thanks!