John Currey
what qualifies you for a commercial loan?
I recently talked with a mortgage broker and me and my wife didn't qualify for a loan on an investment property. I'm honestly surprised, right now our only debt payment is a 857 mortgage, no car payment no student lo...
Robert Ferrell
Using credit cards to fund the purchase of rental properties
Is there anyone out there who has used credit cards to fund the purchase of a rental property? I am planning to use my cards as a tool to aquire property and then get a cash out refi as soon as possible to pay off tho...
Kathryn K.
Buying with a Credit Card
Like many folks, I am currently having a hard time financing the purchase of investment properties, even with hard money lenders. I have excellent credit. (790) But I have little cash reserves and a high debt to incom...
Jeff Johnson
How can I break into buy and hold with too much debt
Hello, I currently work 2 full time times (no fun) and make about 180k a year gross. I have about 40k in my 401k (Which I could take 20k out for a loan for a downpayment). My wife didn't work for a over a year and now...
Kevin Sproul
Credit Building 101
I did a search and the existing Credit Score building threads are from before the last few batches of rule changes so I thought I would start a new one. So all those who understand credit scores:
Starting from scrat...
Todd Fithian
To Refi, or Not To Refi, that is the question..
Well First I apologize; the title might be a bit misleading. My question is more of a “Should I refi and pull out cash, or Should I just Refi without pulling cash for a lower interest rate and lower monthly payment”....
Richard Xiong
Pay off Bad Debt or Start Investing?!
Hello BP! I need some advice!
I recently sold my primary home to start my investing career. Before I do I was hoping to get some feedback on what to do first.
Do I pay off my bad debt first and recoup my capital by ...
Janice R.
Applicant with Deferred Student Loans
Hi all,I have an applicant that I'm on the fence with - satisfactory income, good references and low debt. But she has a balance of 50K of deferred student loans dating to 2002, so I can't decide if this is going to ...
Joseph Molander
Flip or Hold
Hay BP, I need some advice.
I closed on my first SFR in January this year, I should be completing repairs by the end of this month... might be mid next month. The question I have is this. Should I rent it or sell i...
Brady Mullen
When Should I Use Debt?
It's undeniable that debt has the power to consume. Anyone who has let credit card debt run amuck can attest to this.
I'm writing this from a place of humility. I have learned some of these lessons the VERY hard wa...