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26 March 2015 | 10 replies
The fastest way to repair credit is to use what's called Bank Round RobinLet's say you got terrible credit you been bankrupt before and you want to repair your creditAs long as you have a good income and you can afford to do this step number one is to get $1000 together and bring it to let's say a big bank like Bank of AmericaGo see a consumer bank manager and tell them I ran into some serious trouble in a rebuilding my credit history I have $1000 that I like to put into a CD and borrow against for thousand dollars and pay it back as a consumer loan being reported to the credit bureauThe bank manager should have no problem using those security and they give you an approval usually quickly and they give you $1000.
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27 April 2015 | 22 replies
Best to season it for a few months to establish a payment history and sell it to another investor as a re-performing note at a discount.
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24 March 2015 | 16 replies
As history shows us, everything is cyclical.
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19 April 2015 | 28 replies
If a renter creates a Transunion mysmartmove account, which is free for renters, then this account will prevent a renter from having his or her credit score lowered by Agents or Owners requesting his or her credit history.
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24 March 2015 | 14 replies
@Jesse ConnersOkay here's the rule of thumbIt cost 10 to 12% of the value of the house to sell w an agentIf you cant get it cheap enough like 70% loan to value it's not a wholesaling dealIf it's 70 to 85% LTV it could be a listing w an agent or sub2 and a note or a wrapGreater than 85% LTV in good condition and in a good school district and neighborhood is either a lease option, subject to, or a wrap acquisitionThe exit for me anyway on these three acquisitions is a lease to own with 3% downBecause the subject to and the wrap has a due on sale clause issue I want the underlying financing paid off as soon as possible meaning one to two yearsIf it is a lease to own acquisition, I generally assign them and get out of it of itI hope that helps
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22 April 2015 | 16 replies
In fact, I went to high school there.
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24 March 2015 | 8 replies
My thought is to purchase a few homes, putting down as much as I have to get get any type of loan for a news LLC, then pay down the small balance over time to build a credit history so I can eventually get a loan with 25% down or HLOC the paid homes to get in to additional properties?
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27 June 2019 | 3 replies
I'm looking for a rehab deal in the Rockway, Parkwood, or Lindbergh school districts.
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11 August 2016 | 15 replies
First I only go see houses that are three or four bedroom and they are in good school districts and the quiet streets that's the first thingNext thing I do is I walk through the rental and act like a renter asking the basic renters questions to landlordsAnd then I do a classic what if statement and give a leave behind on lease to ownMr. landlord you got a nice place here and I think the rent you're asking 1100 is fair"I want to ask you a question and if you hate the idea of them just let me know, but what if I could give you 1100 a month for about oh 24 months and then at the end of that period of time buy the property at a fair price, ""would that be something you would even consider thinking about or maybe not?"
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28 March 2015 | 26 replies
I remember when I graduated nursing school as a Licensed Practical Nurse.