Dale Ferguson
Hello BP forum! New Investor in Grand Rapids, Mi area
12 May 2019 | 12 replies
Yup my wife and I was one of those people who went in for the 3 day seminar and while we didnt sign up for the expensive classes for Snap flip/Response we did sign up for a not as expensive but still expensive class on a credit card.
Jeremy Benezra
Federal Way - Duplex laws
5 April 2019 | 6 replies
I keep my cards pretty close to my chest in regards to giving info out to big brother.
Maurice W. Evans
Would you buy a tri-plex from a slumlord
6 April 2019 | 59 replies
We are financing the many, many DIY renovations via a home depot project loan and we'll do the 12,000 plumbing repairs on a credit card and then balance transfer to a 0 interest card for 24 months.
Tim Ivory
Filing Taxes 2018 with LLC (Beginner Question)
4 April 2019 | 27 replies
Or do you have another job and this is something you kinda maybe though about sorta doing as a side hustle, but you don't really work it much and you don't have anything to show for it except a pile of business cards and an idle LLC.So let's say you're "in business" and you have some expenses to write off.
Sean Wilt
Prospective guest wants to go ouside of platform. suspicious?
4 April 2019 | 28 replies
He should use a credit card and get the check from his employer.
Ken Wang
Ask experience for bed credit applicants
10 April 2019 | 15 replies
I'd rather see a tenant not pay a credit card but pay me.
Tiara B.
LLC and Financial Troubles
4 April 2019 | 4 replies
But was denied a secure business card with Wells Fargo.
Mike Chern
Help me decipher this credit card debt from Transunion?
4 April 2019 | 6 replies
I agree with Mike M, ask him why he stopped paying his credit card as he seemed to be paying it on time.
Josiah Collins
Primary residence loan questions
5 April 2019 | 8 replies
I decided against using an LLC since we do not really have the assets that we would really need to protect with an LLC.As far as separate expenses, I do pay a lot of our expenses from our personal accounts/credit card.
Cody Z.
Financing strategies while waiting for BRRRR cash out?
9 April 2019 | 10 replies
HI Cody, A good strategies to implement:- business lines of credit because utilization up to your credit limits on these assuming they dont also report to personal trans/equi/exp bureaus will not affect your personal fico scores- obtain personal lines of credit and credit cards with no cash advance fee's too despite them possibly affecting your ficos because these can be the last line of defense if you really need quick capital- on each BRRR you do, try to get lines of credit on the newly created equity post rehab so you in your wake of BRRR deals you have more and more equity access to your properties fund subsequent deals in the future- a more advanced strategy is to utilize commercial blank lines of credit as they are larger and more efficient and can tie up multiple trust deed attachements and properties into one CLOC to use as opposed to have many small LOC's on each property- keep your DTI debt to income ratios low, keep your DSCR or global DSCR high (total cashflow over your total personal and business liabilites at 1.25X+) so that you're always bankable- work on personal ficos and personal credit as well just so you have flexibility to obtain capital/financing on either business or personal sidesHope that helps but that will set you free above if maintain within a comprehensive investing strategyBest,