All Forum Posts by: Tim Buckingham

Yes, great question. So im only 20, therefore I dont have much credit history. So what I did is I got my grandma and stepdad to be on the primary for our Fund and Grow account. And my grandma didnt even have a credit card, but she at least had a good credit score and they were able to pull $49k in personal lines for her. And my stepdad owns a business and has good income along with a good credit score, so they were able to pull $182.5k in business lines of credit for him.

So now after 3 months we will go back and ask for increases on all of those lines.

Thanks for shedding some light. Now that $200K+ makes more sense. I just don't want people reading this thread they'll be pulling in a quarter million of credit cards.

1 Vote

Originally posted by @Dylan Stewart:

I heard about them through Clayton Morris. I decided to get on the phone with them and join the program. Although starting out I was very skeptical and worried about the amount of info they were gathering in order to negotiate with the banks on my behalf. But they were very nice to work with, did everything they said they would, along with got us $231,500.00 worth of credit within our first batch of funding which took about 30-40 days. Which means we still have 2 more rounds to go, so we are excited for that. We have already deployed the money to buy some properties along with marketing for our company.

I would give them a shot if youre looking for money for your business.

I'd like to know more about how you received over $200K in credit cards. You mentioned "our" first batch so I'm assuming there are at least two person who applied but did you already have existing business CC's and what's your current annual income (business/personal).

0 Votes

I'm starting to agree with some of the past comments. This is just a glowing review of the service thread. I'll agree that I pulled the trigger in working with Fund & Grow but I'm looking for more experiences for what people have done with their funds (creative ways to use them).

0 Votes

Originally posted by @Don Elliott:

Fund and grow got me a large credit line with 5 credit cards but with some cards it's hard to use. Fund and grow partnered up with plastic. With plastiq you cant use some of these cards to make big purchases, like buying a home. The credit card company set limits.

Curious but what purchases are you trying to make with the cards. Are you stating the you don't have enough credit per card (maxed out)?

0 Votes

Originally posted by @Avery Coleman:

For anyone that's partnered with Fund & Grow for financing, do you have any ability to choose which business cards to apply for? If you had an interest in specific business cards from Chase, AMEX, whoever, are you able to do that???

I did not have the ability to choose which cards they applied for but they do ask if you have any existing relationships with any banks (i.e., mortgage through Bank of America).

1 Vote

Okay, so I have a few BP posts under my belt so hopefully people won't think I'm a fake account :). I'm about 45 days into the process and so I'm satisfied with the results. After reading quite a bit of posts here I think some important information is being left out so I hope others can include it when posting.

Credit obtained- So far I have received $62,500 across 4 business cards and one personal credit card (I got a mixture due to me only have two CC's before applying and I never carry a balance for those cards)
FICO scores are in the low 800's
Household income- I'll just say that I'm in the technical field and its good :)

I know this is a REI forums but before I commited to using Fund & Grow I also considered using these cards for other avenues of passive income (Amazon FBA and internet marketing).

1 Vote

I have been going back and forth on this for awhile now and I have been leaning towards a condo is a area that seems to rent well. One thing that is holding me back is not the HOA costs its the lack of appreciation on the property value.

For me it does not meet the BRRRR strategy.

0 Votes

I'd like to add NASA Federal Credit Union to the list as I just purchased my home using their 0% down mortgage loan. Since I don't work for NASA or am a family member of a NASA employee the only thing I had to do was donate $5 to one of there membership associations :)

A few points (at the time I applied back in June 2018):

They only allow sellers/builder to provide up to 3% assistance for closing costs
Can't use for condos
Not available in every state
Credit score needs to be at least 740

0 Votes

Not sure how important it is to someone flipping but I'm looking to include PG county in my investing area ( I live in Anne Arundel Country but work in Beltsville, MD.

One drawback for me was the property tax rate for PG county seems to be high which in turn cuts into monthly revenue for a rental.

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Good timing on this post and the informational replies. I have just started looking at foreclosures in my surrounding areas just using sites like Zillow and I was trying to understand this process as opposed to auction sites and pre-foreclosures.

Since it looks like buying foreclosures normally takes at less three months how to you handle financing (if qualifies for conventional loan). I figured the process would be to get approved for a loan amount, find potential properties (in my current case its condos), make offers, and then close but I'm not sure the loan approval would be valid for that long and I'd hate to have additional inquires on my credit report.

What am I missing?

0 Votes

All Forum Posts by: Tim Buckingham

Tim Buckingham has started 3 posts and replied 33 times.

Post: Fund & Grow Financing

Post: Fund & Grow Financing

Post: Fund & Grow Financing

Post: Fund & Grow Financing

Post: Fund & Grow Financing

Post: Fund & Grow Financing

Post: Condos verses single family homes?

Post: Zero down payment loans

Post: Looking to invest in pg md or Howard md!

Post: How to buy a foreclosure?