Aaron Fleming
HELOC for Rental Property
Hello, I am looking to take out a home equity line of credit on a rental property and have been striking out on finding a lender given the current circumstances. I live in South East Idaho and have tried several banks...
Ronald Mejia
Is getting a credit card before mortgage bad?
Hey BP!I was recently told my credit file is "too thin". Ive paid off all of my student loans, car loans, and credit card balances so im sitting at a zero balance. My current credit card only has a $500 limit on it an...
Michael Williams
Property Management Courses
Looking for online property management courses for managing apartment buildings, small to large multi family properties. I'd like to add 7-12 units to my portfolio in the next 5-12 months and I'd like to continue to s...
Account Closed
Any Sport Shooters Here?
Very early this morning I got up to spend a little time at the range. I hadn't been in a while and last week they sent an email with all the new toys they recently received.
So, I wanted to check them out and fire a...
Deep Mukherjee
Personal Line Of Credit (UK)
Hey Everyone and thank you for reading my post.I am looking to find an unsecured, revolving line of credit in the UK.In the USA, this product is called a Line of Credit (LOC) and the most popular ones are offered by C...
Paul C.
Deducting Origination Costs on Line of Credit
Does anyone know how you would deduct the costs of obtaining a line of credit? For example, let's say I get a line of credit and I pay the following fees:Attorney Fees: $500Origination Fees: $750Title Fees: $1,500Cou...
Adriel Cisneros
Will an unpaid collection and / or closed account count towards DTI ?
BP Family — How will a lender evaluate a FICO 8 score with numerous closed accounts? Is DTI only impacted by open revolving and non revolving accounts?Alternative approach may rest with seller financing. AC
Kristin Feerst
HELOC impact on credit utilization ?
I often see people post about using HELOC funds for additional capital towards REI, but have major concerns regarding credit impact. Does a high balance on a HELOC negatively affect your credit score? The Transunion ...
Hunter Motto
Refi+HELOC VS Cash Out VS 1st Lien HELOC
Hey friends- Making plans to Refi 3 properties we're holding that have higher rates and ~$300k in combined equity! In the COVID-19 financing climate locally, we're seeing higher interest rates for investment props and...
Bruce P.
What key financial metrics (and values) for evaluating tenants?
Hi BP,Was chatting with a friend, and was wondering what key financial metrics (and what minimum numerical scores/values would you accept) would you use for evaluating whether tenants would be good renters for your pr...