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Results (10,000+)
Bukka Levy Using business credit cards to fund buy and hold. Help?
21 May 2024 | 53 replies
In the commercial & private money world its all fair game and case by case.Use of credit cards to purchase properties to acquire/capture equity, create, cashflow, provide additional tax shield/benefits against your income, and improve your real estate investing venture is definitely one way to go about it but it should not be the sole method since there are risks like many have mentioned above.If you're using business cards (linked to your FEIN - federal employer identification number) and it doesnt report to your personal credit then it might be more prudent credit wise because your Fico scores won't tank when you max a business card out versus a personal credit card (drop of 80-100 fico pts temporarily till you payoff).So with prudent timing (funds seasoning), knowledge of how to maintain your ficos so you still qualify for your cheaper conventional money, and how to use the cards to purchase can definitely expedite your REI journey.Most people I encounter would not have the know how to do it correctly as I see plummeting fico scores, in ability to qualify, and many other issues with using cards to invest on a weekly basis.Best of luck,
Alex Kenny Future Planning Advice
21 May 2024 | 8 replies
Opinion: If you breakeven or are close to breakeven today, that's a win in this market considering the ability to refinance later.(3) The equity of your home is currently earning you 0%, leveraging adds risk, leveraging also adds opportunity for it to earn you some money.
Shari B. When am i bound to go through with a refinance?
20 May 2024 | 17 replies
That doesn't mean they won't send you a bill but, they can't make you go through with a loan.
K James ADU Project - Spend $30k On New Sewer Improvements Or Install Sewer Injection Pump?
19 May 2024 | 8 replies
we were only 10 days over schedule (we allocated just under 2 months) which is remarkable considering the various issues we encountered and the size of this rehab (we removed 4 walls (including a load baring), added 1 wall, added new bathroom, redid kitchen and existing bathroom layout, (new locations on shower, toilet, and vanity) removed a door, added 2 windows, new flooring throughout, and added an eyebrow porch.  
Nick Jilbert CA house hacking
20 May 2024 | 7 replies
The biggest benefit is the ability to leverage and have the tenants pay the mortgage.
Andrew Lopez Down payment used for BRRRR strategy?
20 May 2024 | 11 replies
So, in a cheaper market many investors use their own cash for purchase and rehab or especially in more expensive markets they use hard money loans which are based on the deal itself and your ability to execute on it.
Michael Evans Business Credit Financing: EIN or DUNS number
20 May 2024 | 12 replies
This take time and your demonstrated ability to pay on time, not so much the amount of volume you do.
Roseann Koefoed Need Construction Loan - building my first 3-flat!!
21 May 2024 | 21 replies
I'm the money on the deal and have approval rights (including ability to remove GC if things don't go well). 
Brandon E Chatrooms for Real estate investors
19 May 2024 | 39 replies
I second the need for the ability to see if people are online.
Marysue Connelly Centennial Rental -how to not renew the lease
19 May 2024 | 3 replies
There was a bill introduced last year -- House Bill 1171 -- that would have only allowed landlords to terminate a lease for failure to pay or for violating lease agreements.