Jack Rozema
Cash Out Refinance Scenario
I want to see if anyone has an opinion on what I should do. Quick background:Bought our house May 2020 for $185k, 6 bed 2 bath, near Kansas State. Put about $12-15k into it. Remodeled kitchen, both bathrooms, painted ...
Tony Wooten
Start now or pay down debt
I'm 27 and looking to soon start a career in real estate investing (rentals). I have a job that allows me to pay my bills comfortably and pay down a small portion of my student loans and credit card debt each month...
Paul Eddy
I’ve had a hard time with financing
So I’m a new investor and just closed on my second STR property. The problem I’m having is that I carry a high credit card debt and had to get a co-signer for this property and almost didn’t make it. Does it make sens...
Henry Le
Buy and hold without a credit score?
Hello BP community,Is it possible to obtain conventional financing from banks without a credit score? I heard of manual underwriting, but from my research, you have to jump through hoops and most banks don't offer it...
Josh Hollman
Strategy to obtain 2nd rental & rid of cc debt
Hello all, good day! May I have suggestions with my scenario. Was out of work for 9 months and also during that time my father had passed. I accumulated about 50k in bills/expenses on cards during that time and anoth...
Aaron Frances
Cash out refinance to pay off credit cards
Hi Everyone,
I converted my 2-flat apartment building into a legal 3-flat using a cashout.
Appraised at $425k, new mortgage at $2330 at 4.35% currently owe $305K now.
Property may conservatively appraise at $525...
Pete Storseth
DTI vs Credit score
Credit score 710. DTI high. Income low. Hey guys, here's my question. I'm trying to lower my DTI by paying off one of my loans early and another credit card. But I still have two cards left I cant pay off yet. I will ...
Justin Hennig
Does a HELOC affect debt/income when applying for conventional loans?
Considering a HELOC on primary residence for further real estate investment purposes...would this affect a conventional property loan application since it is "secured debt" or mostly just affect credit scores?Any help...
Kelly Moniz
Experienced investor looking for advice on next move.
I have been investing in realesate since 2011. Here is a quick run down on my current situation. My father has been my 50/50 partner since day one. We buy severly distressed properties, do all the work ourselves, and ...
David G Vreeland
Good Versus Bad Debt (% and Type)
I am trying to identify what should be considered good debt versus bad debt. I gave my specific situation below and would appreciate thoughts and tips on my current situation and at what interest rate borrowing funds...