All Forum Posts by: Oswaldo Rodriguez

Thank you for your advice.  I will talk to my dad and consider all your advices. 

Hello to all, I have a big question that I've been thinking for months now. Me and my dad are planning to start investing in a rental properties next year. We would like to start off by buying a single family home. We have some money saved but not enough for a down payment. My dad will finish paying his house next year and I wanted to know your opinions about him refinancing his house so we can start investing in real estate next year or just wait until he finishes paying the house and wait until we can save up more money to start investing? He currently has an interest rate of 6.5% on the house. 

I want to thank all in advance and any advice/opinion is greatly appreciated!

Thanks Evan, i'll look more about the Discover it! Bud, I've been offer to open an account on Teachers Federal Credit Union but I just never understood the difference between a bank and a cu, until now that I searched for it.

Thanks for all the info. Im a new to all of this and it's very confusing! Which credit union would you recommend? 

Hello to all, I have a question about getting my first credit card. Im 19 years old and I want to get my first credit card to start building my credit. My question is, is it possible to get a credit card without a job, for example a credit card for college students(im in college which is why I don't have a job right now) or a store credit card like Target? Or do you recommend me to just co-sign to one of my moms credit cards?(she only has store credit cards) All info will be much appreciated! 

Thanks for the advice Paul. I've heard that theres somewhere, i belive government webpage where you can run a credit score for free once a year. Do you know if its true?

Thank you Jerry and Igor for the advice. I will tell my dad your advices. For building credit for the first time (I  am 19), do you recommend me store credit cards like target, walmart, etc? Or another type of credit card? 

Hi, my dad filed a chapter 7 bankruptcy in 2006. He was given I believe 7 years until he could establish his credit again. Since then, he has bought everything cash. Since we both want to invest in real estate, he wants to know if anyone in here has had a situation like this before or know of any tips or advice on how he can build his credit again the best and quickest way possible? We plan to invest in a single family home within the next 2 years or so. 

Thank you for any information in advance!