Hello guys,Recently acquired a 2 family.Tenant should be moving in soon.The process went over budget (more than expected).The result is I am carrying credit card debt.I have a plan to pay it down to zero that will work just fine (the avalanche method).I would like to speed up the process though and pay less interest in the process.My credit score has dipped as a result of the credit card debt (to around 624).So may not be eligible for a 0% balance transfer or personal loan.Ultimately I want to get my credit score back into the excellent range for when I refinance out of the FHA loan.Any hacks or tips that anybody could share would be greatly appreciated.Thank you in advance to anybody who has any advice to offer.No canvasing please.

Initially, I looked into residential property management (sectional title and HOA scheme management) and developing or investing in these schemes as I acquire expertise and experience as a property portfolio manager.

I’m interested in hearing if anyone here has bought a poorly run self storage facility before and what the process looked like for acquiring it, transitioning management, and how you dealt with tenants who were consistently late, paid in cash only, lived in the units, dealt drugs from the units, and did other sketchy things.

if so  in mind he does nothing thats a great asset to anchor with.. use positive cash flow to acquire new property if thats what they want to do. 

Purchase price: $345,000 Cash invested: $90,000 In process of acquiring and renting a 2/1/1.

In order to acquire the CoC, we are managing our property.

The property is in distress due to the living there and we have thousands of dollars from mold estimate just to remedy which doesnt include the thousands it will take to refix the things they throw out and cut.

I would like to give him an offer but How much interest can I add on the amount that I paid to acquire the property?  

After acquiring our first property in April 2020 right during the COVID quarantine, we went a little crazy.

Not that I'm not trying to do the work, but I do want better returns than 2-3%, plus I'd like to acquire property through this avenue.