Jackie Mesa
Trouble Getting a HELOC on my house
Hello Everyone,I have a home free in clear and i was recently trying to get a HELOC. The bank denied me because of Debt to income Ratio. My house is worth way over 400K, what would be the best way to approach this? Th...
Brandon Johnson
Financial advise needed with path to REI
Hello All, I am looking forward to entering the world of real estate investing and I'm reaching out to the BP community for advice on how to work through a financial dilemma. I have plans on purchasing my first turnke...
Norman Perkins
Ok folks, Im frustrated. Please help!
I am reading, studying the market, watching interest rates, basically doing everything I possibly can to get started in this, but I feel like I am spinning my wheels. I apply for an equity loan to use as my down pa...
Benjamin Reemsnyder
Pay Off Debt Vs. Investing
Hello BPers! I have a question regarding debt payoff vs. investing. I currently make a good income with my W2 position, own my home(owe about $178k on the loan), owe about 18k in student loans, and have just recently ...
Christopher Derr
AM I READY? or do I need to pay off some debt first?
My wife and I built our home a little over 2 years ago, appraised at 265k during construction for loan purposes, assessed this year at 284k. (I think it would appraise for 280K no problem now based off comps in the...
Mark Beekman
Opening Home Equity Line of Credit Good for My FICO?
I have a current FICO of around 740. I have a consolidation loan with a $9,000 balance, a car lease, and two credit cards. I realize that opening a new line of credit hurts your FICO in the short term, but I'm wonderi...
Gretchen P.
Who would you rent to?
This is purely hypothetical, I just rented four units and find that in my area, and in the type of rental I have I occasionally find perfect tenants, but there is usually some "issue", or I have a sense they may not s...
Account Closed
Credit score dropped and just looking for insight.
Hey ladies and Gents, I've just paid off a car loan that had a 6 year term. The only thing is I paid it off 4 years early and apparently my credit score dropped from 715 to 712 on Credit Karma. I found out paying it o...
Account Closed
How do I improve my credit score?
Hi everyone, I have been going through my credit scores lately and feel as if it is time to get someone working on it. I really don’t have any particular reasons so as to have low scores but I need someone to work o...
David Smith
Is a potential renter's total debt a liability or blessing?
I have a potential renter who makes 6k monthly, almost an 800 credit score, 96% on-time payments, 60% credit used, and $370k in debt. Would you lease to this renter? Would this renter be considered a liability or a r...