Dave Row
HELOCs > $35K and FICO impact
Hi, I’ve read elsewhere (still looking for link) where FICO treats HELOC amounts > $35K more favorably than lesser amounts. IIRC, this has to do with calculating how the HELOC amount factors into your debt service...
Michael McCarthy
What would you do Refi or keep HELOC ?
I currently have a duplex that I paid for in cash through a HELOC, approximately 70K of the 165K available in total. My net income per month is approximately $800 after all bills paid and future maintenance repair mon...
Lee Kozokas
HELOC? Other Financing Recommendation? Please Help
Hello Everyone!I have a few properties which collectively appraise around $230K, with $42K of associated debt. I would like to obtain more properties. I have done some research and I am lean towards a HELOC on all the...
Joshua Ruggels
Hello Bigger Pockets! Excited to Be Here!
Hello, BiggerPockets!It’s great to finally create my first post after lurking for a few months now. I thought it was important to build a foundation of basic knowledge before I came here to build upon that foundation ...
Cliff Bailey
I was offered a credit partnership: pursue or pass??
Hey BP, I need some advice/help. Basically revolves around a possible partnership with someone using my credit to obtain a loan that is going to be used to buy a property.
I found a posting on Craigslist of a guy loo...
Philip Joseph
The best way to get money out of a property?
What is the best way to pull money out of a property that is completely paid for? Cash out refinance or home equity loan? Which one is more expensive long-term? Is there an option that I am missing?Thanks, Cajun
Fletcher Clardy
Failures Or Lessons?
Along this journey of life, we will make mistakes, it is inevitable. Once you learn to accept your imperfection and instead use past mistakes as steppingstones for future success, this is when you separate yourself fr...
Brandt Tingen
What are the best interior doors for rowdy tenants?
Another super sexy topic I am starting here (jk). I have to replace quite a few doors at a rental unit I am turning. About 80% of the interior doors in the unit were broken. In the previous tenants defense, none of...
Sean White
Credit Suite vs Fund and Grow
Has anyone compared Credit Suite vs Fund and Grow? I've been able to find a few posts about F&G but not much on Credit Suite.
Chris Gilliam
Tenant Income Requirments
Hey Guys and Gals,
I have been getting a lot of requests from tenant that have really low income. Like 20-25k a year. I was just curious what other use as a minimum income prior to renting?
Thoughts?
Chris