Chris Bingham
Dangers of renting to someone with poor credit?
I'm considering renting a spot to an applicant with very poor credit. To offset the risk of the tenant potentially not paying rent I am considering a deposit that is more than 2X their monthly rent and only offering a...
Jim Webster
800+ Credit Score but Only Qualify for Low Loan Amount.
My wife and I both have 800+ credit scores (thanks Dave Ramsey). No debt besides a mortgage for less than 50% of our $300+K primary residence. (Thank again Dave) $90K combined income. Recently caught the REI bug a...
Francisco Javier Rodriguez
Top 3 Pieces of Advice to a 5-10yr Younger You
Here are mine:1.) Save some of my income every paycheck, whether it only be 1% of my income, strive for a minimum of 10% eventually.2.) Read a lot more books, listen to more podcasts, network with those who have simil...
Hassan Muhammad
Should I get a Car Loan to build credit or Pay in full
Greetings! I plan to buy apx $9,000 car... Should I buy the car using cash or get it financed which will help me improve my credit? .... my current score is 653. Id like to position myself to get some rental propert...
Andrea Shields
LLC or NOT
Hello BP,
I have 2 SFR that I own (owned before I got married). I claim these on taxes, my husband and I have never filed taxes together as we both have things that we are sorting out before we can file joint...
James Sloan
Minimum Credit Score with Heloc
What is a good credit score threshold which you can say safely meets the minimum requirements of most HELOC lenders?
I am trying to decide whether to use my tax refund to pay off some more debt before applying, or u...
Nicholas Rado
In Depth Look At My Financial/ Credit Building Plan and Questions
Hello everyone, I am looking to get into REI and am taking a hard look at my financial and credit situation to set real goals that will help me purchase my first property. Although I haven't been analyzing my finance...
CJ Goldsmith
New investor looking for appropriate next steps. (DAY 1)
TLDR: New investor with bad credit. Should I get a credit card to improve my credit? What other steps should I take when starting out?
Hello everyone,
My name is CJ Goldsmith. Im brand new to anything involving real...
Jason F
Guy offered me $500k LOC for cash
This guy sent me an email and said he as a friend that works for AMEX. Evidently, they offer credit cards with limits from $100k to $500k if you come up with cash. I think $8k for $100k and $25k for $500k limit.
I'm ...
Oliver Binns
Impact on Credit Score
Hi Everyone,I am new to the site and real estate investing. What is the usual impact on your credit score after obtaining a mortgage and how long does it usually take to rebound? For those of you that are acquiring mu...