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I am an ambitious young woman 32 who is looking to invest in a first time home purchase. I would like to go with a multifamily home and would get an FHA loan. My credit is between 540 and 560 which is close to the 58...
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Hi,
I am aware that acquiring a -ve cash flowing property is a BAD idea. Also aware that we shouldn't be looking at 1. appreciation and 2. tax benefits as an answer to offset a -ve cash flowing investment.
1. I am ...
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Currently paying on a zero interest credit card that will soon have interest added to it, also paying on two cars that we stupidly got. Car A has 10k of negative equity on it. We don’t want to keep this car forever an...
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Do any investors accept negative cash flowing properties? If so, why? And also, is there a limit on the negative cash flow you accept before selling?
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So I am new to investing and have been working hard on my credit. I have 2 judgements against me. I talked to both and one is willing to accept half. I am considering getting a personal loan and consolidating them tha...
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Has anyone tried the Credit Uturn mobile app that automatically sends dispute letters to the Credit beuros on your behalf in an attempt to remove the negative accounts on your credit report? I have heard that it is mu...
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Hello BP family!! I need your help once again.Question: Do lenders look favorably or negatively at income properties? Details: Long story short, I have one rental property (newbie here), and am currently in the mark...
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Hi again BP members, thanks in advance for your help.
Starting next month I will be shopping for home loans at a few different banks and I was wondering would this be a good time to apply for a credit card also. Are ...
We just listed our first rental property (Ontario) and have a fair amount of interest in the unit. Someone messaged and after all the arrangements were made to meet, they inform us that:-they own businesses but don't ...
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A couple filled out application for renting my property. Their credits are bad 500+. I was gonna overlook the credit and rent the house to them since most applicants have low credits. I have called their past 2 landlo...