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22 July 2019 | 5 replies
I'd be using the HELOC to pay down some credit card debt and then ideally keep the HELOC in case of emergencies or if the house needs work/repair.-4 Unit Multifamily Investment Property-Located in Philadelphia, PA-3 units are residential-1 unit commercial (small unit, only 275sqft of the 3,300 building so about 8%)Thanks in advance for your help!
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2 August 2019 | 101 replies
you buying a widget to create a return.the OP is a tech company owner Multiple and is looking for hands off investing.. this type of investing in my mind is a waste of his time and resources.. by the time he farms it all out he would be very lucky to break even.. not to mention finding debt on low value assets is a chore in its self.. you can find a local bank that will loan to a local like yourself but very tough for out of market folks to duplicate this model.. and for sure you just play the cards that are dealt you in your market..
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23 July 2019 | 13 replies
It can also help to get a 0% APR credit card (it's usually for 12-18 months) to pay for the rehab.
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22 July 2019 | 2 replies
I have also considered using a credit card to purchase the property and then paying it back with a re-fi.
23 July 2019 | 4 replies
Once he's found the best lender for this situation, then take the credit pull, start gathering credit card and bank statements, etc. and he's off to the races with a mortgage application, getting an appraisal scheduled, called insurance agents for quotes, getting an inspection...and on...
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23 July 2019 | 4 replies
Their business card.
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22 July 2019 | 1 reply
Option 1) Wireless camera that backs up data to the cloud (requires a monthly internet service, which I currently do not have at the complex)Option 2) Camera that backs up data to an SD card (cheap, but I think the card will fill up quickly...like a few days at most)Option 3) Mock camera (may deter crime but could have a liability issue if someone was ever a victim to a crime)Option 4) Do nothingObviously this is not the same as having a home security system as most of us have an internet service plan.
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23 July 2019 | 12 replies
I use VRBO and AirBnB’s systems (not mandatory) I leave the credit card management, collection of money etc to them, and have them deposit the money directly to my bank account.
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22 July 2019 | 3 replies
The person whose debit card it was said that they didnt authorize it and now I am out the money.
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26 July 2019 | 2 replies
never owned a credit card so therefore have no credit but i do have a good paying job and some savings