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Results (4,280+)
Joe Boggin title report came back. please advise!!
5 August 2013 | 2 replies
after i pay all the debt (tax water and cc bill) im still getting a good deal for the house but im not sure how to actually pay all the debtors??
Chris Rhodes Securing Credit for New Properties
2 July 2009 | 7 replies
I am actually going to pay off the cc debt today with my latest bonus.
Guleed Yusuf Buying out of frustration
23 September 2013 | 12 replies
(Income is stated as gross)- Our combined income is $125K (before an avg bonus of 15K annually)- Monthly expense are $4K (rent alone is half of hour total expenses)- Total debt is $60K (all of it is student loans, no CC or car payment)- Monthly debt servicing expense $1K (currently it's $300, since my wife's loans are in the grace period)- Debt-To-Income around 15-20%- Credit score 705 myself and 670 for my wifeWe are new to the REI world or the buying a house world and I just want to test the waters and see if any of you think that this is even worth pursuing or not.
Stuart Crowell Move to SF in Denver
29 June 2018 | 6 replies
Walking distance to Aurora CC, no one behind the home, in a very small sub-division.For someone like me who does not do REI full time it is hard to find those below market deals for the type of parameters I am looking for and sticking too.
Justin Sandall Any chance for another purchase?
8 April 2015 | 5 replies
Hi all,We are closing in our 2nd SFR in 1 week; all of my available investment capital is being used for down payment/cc for that deal.However, I've come across another property that I'd like to run by you for your opinions on how I may get it financed.3 bed/2 ba, 1800 sq ft, single carport, appliances stay, lg fenced yardMotivated sellerList: $64,900Discount: 20% ($13,000)Purchase: $52,000Percent down: 5%Down payment: 2,600Make ready repairs: $11,000Amount Financed: $60,400, 30 yr, 5%Monthly mortgage: $324.24Monthly rent: $850 (median for area is $900)Vacancy: 10%Monthly NRI: $765Monthly ExpensesPM: $85 Leasing costs: $35.42CapEx: $38.25Utilities: $25.00 Property taxes: $108.33Insurance: $27.08Maintenance reserve/other: $20.83Total: $339.92NOI: $425.08/moMortgage payment: $324.24/moNet Cash Flow: $100.84/moAnnual cash flow: $1210.12Annual debt paydown: $891.00CoC return: 47%Total return (excludes appreciation): 81%I had to make some assumptions as I don't know how much, if any, I would have for a down payment, I'm not sure what interest rate I'd have depending if I went conventional vs seller financing vs etc.Thoughts on potential ways to make this happen if I don't have money to bring to the table or don't want to pursue a conventional loan?
Griffin Malcolm Sourcing Private Money
27 June 2023 | 3 replies
I use cc for mine paper work needs to be good and I get  12 month zero on credit union and use it on my flips .If you need info DM will tell you how . good luck on your flip
Mikey Cas Possible deal? or HOLD out?????
25 September 2007 | 9 replies
CC perhaps with a big limit on it.
Account Closed Credit Card to Finish Rehab Project?
12 September 2017 | 5 replies
If the project is for a flip, then try to get or use CC's with 0% interest or as low an interest rate as you can get, then pay them off immediately after closing. 
Carlos Vega When your rehab starts to go over budget...
29 September 2019 | 30 replies
You can always pay minimum payments on your credit card until you personal loan is paid off and then aggressively pay down your CC before proceeding any further. 
William T. 2% Cash Flow Turn key property question
8 December 2013 | 19 replies
It really comes down to the grade (-A,B,C+,C) of the neighborhood and house to determine the quality of your deal.