Next month I'll show you the updated score with my balance paid off, it should shoot right back up again.You don't need to do this all the time, but I make sure to do it for the three months before I take out a loan.Image 1Image 2

- Any suggestions for backup strategies, like selling undeveloped land or leasing, if the market or project plan changes?

.📝 Pro Tip: Keep receipts & records to back up your claims.

We received this letter from Toledo LMHA Lucas County's Section 8 administrator.I don't know if they had a data breach and a bunch of landlord and client personal information was stolen or if they lost their server and backups.

However, rates did rise back up from the recent low of 6.08%.The inventory was 38.3% higher than this time last year and is increasing month over month.

Knowing this I had my real estate agent contact the seller's agent, let them know the situation and then made a back-up offer asking for only 15 days to close on a cash deal.

@Randall Ayers not sure if NEXT is hard money, but if you need a back up plan, you can reach out to Chris Eymann of SellWholesaleHouses.com. chris at sellwholesalehouses.com.

@Stephen Hood your idea is solid and shows good potential, but here are a few things to consider:Private Lender Terms: Ensure the lender agrees to the 1% origination fee and $2K monthly payments—some may require a higher interest rate or balloon payment at the end.Timeline for Sale: Factor in potential delays with selling your current property or completing renovations on the new one, as these could impact your refinance timeline.Refinance Feasibility: Confirm with lenders that refinancing at $500K is realistic, especially after recent rate increases and appraisal expectations.Exit Plan: Have a backup plan in case the market shifts or repairs take longer than expected, such as extending the private loan or bridging with a HELOC.If you can lock in favorable private loan terms and stay realistic about costs and timelines, this could work well.

But if they don't, I'll update my calendar availability and open it back up.

In some countries the government may claim to back up your $$ to a certain amount, but if the system was "hacked" do we know what would really happen?