All Forum Posts by: Rose Jones

I have kept a ton of fish and the external pumps can leak. I have always been on top of things. But a tenant? Basement floor OK. Second floor no way!

Hi Rose, I would suggest an alternative for future use that will not impact your credit. Have you heard of Bank on Yourself-type policies? It's a way to set cash aside and allow it to grow with guaranteed returns and you can borrow against it at a low interest rate at any time and it won't impact your credit score. Best part is, your money will continue to grow even while you have loaned it out to yourself. I'd be happy to tell you more and discuss if it is right for you if you are interested. I'm a Bank on Yourself professional and personally have my own policies that I use to fund my real estate investments.

 I have a local lender in the Bay Area who can help. Let me know if you're interested. 

For best FICO results, use the card up to 1/3 of the limit (notice I did NOT say USE one third, just don't go over one third) every month. It's actually better to leave $20 to $80 on the card so it is deemed to be "active". Don’t buy unnecessary things, use it for gas, and small things.

And of course, be aware of what you do use it for. Where you use your card leaves a trail. You may not want them to know everything. It increases your junk spam.

It's convoluted thinking, I know, but I didn't make up the rules, I just analyze them. Your credit score will likely bounce back in a month or two depending on card usage.

As a starting investor your greatest investments will be around your own housing. 

What is your current housing and family situation?