David Lamb
The FLAW with BRRRR -- The 3rd 'R' - Refinance
I'm sure there is a creative workaround but the trouble I am finding with BRRRR model is the Refinancing part!! More specifically, I can't seem to refinance due to my Debt to Income ratio due in large part to BRRRR!!...
Mackal Smith
Cosigned on my Daughter's Student Loans - A Creative Way to Pay?
Rather than bore you all with the details, just suffice to say that I cosigned student loans (both government and private) for my daughter's college. Of course as a cosigner, these show up on my credit as loans as wel...
Morgan Madill
Credit Questions for Lenders
It is more desirable to a lender to see a credit line paired off in full quickly or to credit lines paid off on time over a stretch of time?I have student and auto loans and I believe if I paid them off as quickly as ...
Fernando H.
60K to Invest or pay off debts?
Hey guys, I am new to BP, but am very impressed with the amount of experience and knowledge on this forum and its members. I need some financial advice.I have 2 Rental properties where I am owner occupant of one of th...
Syed Hussain
save for down payment or pay off debt
Hello community. Had a question I've been wracking my brain over for a few weeks and would love your input. I have about $15,000 saved up for a down payment and have determined I'll need about $25,000 to afford a do...
Brandon Cormier
Personal finance advice before getting into my first RE deal
So I know there are many Dave Ramsey fans in here, and I am currently using the debt snowball to attack my debt and since august I have been able to take out 17/33k debt. After my next credit card of 5.5k, I will have...
Minna Reid
Hold more cash or pay down overhead?
Let's say I was coming into a load of cash from my investments soon. I'm torn as to what to do with it. Should I reinvest it all along with what I started out with, or do I pay off some personal debts to reduce my ove...
Thomas Bullock
Best Loans to use to scale
My friend and I are both veterans. We invested in a 3 family property about a year ago now. 100% of my friends VA loan was used, however, I am still on the loan because it was the only way we could get approved for th...
Brieer Doggett
Pay Debt First or Start Real Estate Investing
Hi all,
I’m interested in purchasing my first property by way of house hacking a multifamily property. I’m pre-qualified for a mortgage. My question is should I pay down debt (student loan, car) before investing or j...
Nate Ramos
REI vs. Student Loans
Hi All! I am looking for some guidance on what feels like the age old question for prospective young investors. I am 23 years old and just graduated in 2020. I have a decent savings but also a fair amount of student l...