Gp G.
Looking to get 60k to clear off high interest credit card debt
Looking to get 60k to clear off high interest credit card debt. My credit score around 640. Debt to income about 60%. I tried HELOC on rental properties none of the banks I spoke offering this product after covid. I s...
Joshua Dorkin
Credit Line Cut? Credit Card Closed? Tell Us About it.
Two weeks ago I was informed that my Chase credit card, a card I've had for around 15 years, was closed. I was told that I don't use the card enough and that I was "costing Chase money." I'm sure my FICO will be neg...
David Roberts
Credit Scores regarding Credit Cards vs HELOC
I have never been a person to use credit much. Always viewed debt as bad, until I realized how it can be used in a good way especially when someone else isn't paying for it.So this was my first full year involved in ...
Kevin Sproul
Credit Building 101
I did a search and the existing Credit Score building threads are from before the last few batches of rule changes so I thought I would start a new one. So all those who understand credit scores:
Starting from scrat...
Kevin Higgins
New Investor - Mississippi Gulf Coast
Hello everyone, my name is Kevin Higgins. I am a new(ish) investor on the Mississippi Gulf Coast. I am approximately 40 years old and a veteran of the US Navy. I used my VA benefits to obtain my BS in Electronic Engin...
Brett Tousley
How does the credit card cash advance roundup work?
I know there are several companies out there offering unsecured financing via credit cards. Has anybody been through the process? Would you do it again? What's the down low on the whole deal?I'm curious to know why ...
Jason Hodges
Leveraging debt the right way
I have 25k in the bank and have 12K on my busIness credit card from a rental I just fixed. I currently have 4 properties that are giving me a good cash flow return.
Should I pay off the 12k or just pay the minimum...
Daniel Hart
I can't get bank loans, but I can get credit cards for a purchase... Should I?
I can no longer get bank loans since I am now a full time investor. I am toying with the idea of using credit cards to fund the purchase of some solid cash flow properties. I have one credit card that is at 6.9% Fix...
Reggie Dumont
Cash from credit cards for downpayment
I was recently in conversation with a fellow investor who just started out, He explained his strategy for buying low cost multi-families is by using cash from credit cards when they offer o% for 18 months or whichever...
Kizzy Robb
Impact to your Credit
Hello BP!
I recently opened an retail account up (Home Depot) to help with some of my projects. I also opened a personal account up as well, close to this HD card. My credit score took a dive of 30 points. 30!!! And...