DO NOT and I mean DO NOT contact those creditors or make partial payments to them.What that will do is REFRESH and old negative account and make the credit score take a nose dive.It is true it takes usually 1 to 2 months to update changed results in the scoring model.If the buyer has a time sensitive loan issue the lender can do what is called a "rapid re-score" with the credit which will update the credit report score much faster but costs money.In addition to paying down the cards your buyer can also request a credit line increase on all the cards.If 3 out of 5 or 2 out of 5 increase the limit that will help bring down available credit percentages to used credit even more.Even though the buyer is at 680 they want to try to get the score up higher.You do not want to be right at where the score requirement is and then something happens and you are off by a few points.Do not close credit lines.One of the scoring criteria is length of active credit history in good standing.If the buyer has 5 cards and 3 are 2 years old and 1 is 1 years old and the last one is 4 years old then you have a 4 years history.If you close out the oldest one your credit history in good standing has dropped to 2 years now which affects the scoring model.The buyer should stay away from big purchases cars,furniture,appliances,vacations,weddings,etc. until AFTER they have closed on a house and moved in.Those types of purchases are much more lenient on debt ratios than house loans these days.

Hi @Ben Reederwelcome to the site, BP has a tremendous amount of information to help youI'm a local investor in the New Hampshire and i would be more then happy to help you out with any questions you havewe have network meeting at Nashua on the 3rd Wed of the month and it great place to meet with others real estate investor and we have numbers of deals done after people meet in our group, you can find more at Real Estate Events and Happenings Look forward to seeing you around!

Large venues like concerts, conventions, theme parks, casinos, weddings, etc. will all be hit for the rest of 2020.

There is a large country wedding venue nearby, so I think the property could be promoted as a place for family members of the wedding to stay or as a secluded getaway location.

There is always someone good who just moved to your area or wants to just fill a Wed-Fri for their 4th crew on the 2 week of next month.

In my opinion - use the paint to cover blemishes and hide ugly, outdated wood (like red oak), just don't layer it on til it looks like a wedding cake.

I entered the job world as an office manager for a local real estate office, while I simultaneously started my own wedding invitation business.

I own a STR 1 block away which Nets $2k a month for the past 2 years with 88% booking rate and often people reach out trying to book weekends and weeks that are not available so I know the area can support more, plus we have a big wedding hall 1 block away so we plan to capitalize on that.

Using those to pay for lodging at my wedding in Hawaii this year.

I will continue to work at my company while investing in real estate, considering my work schedule is a set 4 day 10 hour shift(Sun-Wed).