
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??

2 July 2009 | 7 replies
I am actually going to pay off the cc debt today with my latest bonus.
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.

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.

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?

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

25 September 2007 | 9 replies
CC perhaps with a big limit on it.
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.

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.

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.