Saul Moreno
Using Credit Card Debt To Invest
Hello BP!I recently heard in a seminar and podcast that you can use credit card debt for a down payment on investment properties. Has anyone heard of this strategy or any other strategy where you can use your credit c...
Billy Farley
Consolidating credit card debt, best options.
My wife and I currently own 3 doors and moved to a new larger city in hopes to come continue our real estate investing journey.Over the past year we have dealt with death in the family, 3 totaled cars, medical bills, ...
Fernando Londono
consolidated credit cards debt with your mortgage
I'm first time home buyer, with some credit cards debt, I know years ago you would be available to consolidated your debt with some 10 or 20 percent down, can I do this now with a FHA loan or a conventional loan? I ha...
Patrick Q.
Eliminate Credit Card Debt Quickly Dipped Credit
Hello guys,Recently acquired a 2 family.Tenant should be moving in soon.The process went over budget (more than expected).The result is I am carrying credit card debt.I have a plan to pay it down to zero that will wor...
Jose Mena Diaz
HELOC Recommendations to Consolidate Credit Card Debt
Hey there, Bigger Pockets family! I'm currently a bit stressed because I'm facing higher credit card debt than I've ever had after remodeling our house and paying for our wedding (I know, I know, financing this is a r...
Patrick C.
tenant screening lots of credit card debt
When screening your tenants are you ever surprised by the amount of debt they have on the credit report. One possible tenant has $24,000 in credit card debt. I know most people live paycheck to paycheck and spend more...
Oscar Maciel
Credit card debt vs available cash on hand
So I’m in a bit of a dilemma, I have about 25k in credit card debt, more than half of which was used for rich dad poor dad elite education. I recently sold a home and have an extra 20k in the bank should I pay the cre...
Shafi Noss
Using a HELOC to Eliminate Credit Card Debt
Hi everyone, I am studying for my license, and having trouble with one of the scenarios. It looks like this: __Julie wants to pay off her $5,000 credit card balance now, before she closes on her new home. She takes s...
Adriel Cisneros
Lien on Property (i.e. credit card debt, etc.)
For current wholesalers in Texas, has anyone encountered a property with a lien from a creditor (i.e. credit card company, law firm, etc.) for a past due balance?Mechanical and mortgage liens along with unpaid tax lie...
Rachel H.
Rent to Tenants with Large Credit Card Debt?
Hi everyone. I have applicants (a professional couple in their thirties) to rent a single-family home I own. They seem like fine people - no reason to believe otherwise. Their combined income is 7x rent. Their credit ...