Hello first i want to thank you for reading my question. I am looking to buy more rental properties faster. I would like to pay in long term loans with an interest that super low. I found someone on craigslist who wil...

CONTEXT-(30k in credit card debt, split between 4 cards, mostly in charged off status)
(one vehicle loan that was charged off, is now caught up to current, not paid off, 50k original loan amount)
(some card companie...

Hello all! I house hacked a Multi -Family Home in Queens, NY almost 3 years ago.  I'm ready to invest again next year but want to make sure my taxes are done correctly.  I don't want to write too many things off to ma...

Ok, I do admit I watch my fair share of Bloomberg, Yahoo Finance, and several other financial news outlets in my spare time. I am not a “trader” of any investments. I seek long term hold periods of everything I invest...

I've been sending out some letters looking for properties.  I received a call from the daughter of one of the people I've mailed. Her father opened my letter and set it aside (but luckily didn't throw it away!) and he...

Hi guys,I'm looking to take out a HELOC to pay for a new roof and pay off some credit card debt that was accumulated to remodel the house. As I moved to the US 6 years ago I have a relatively low number of credit line...

Hey BP,   I used PCS recently to open my holding company and LLC last week. They had pitched the "Corporate Financial Program" to help build the paydex up and move all my debt into the LLC and build corp credit. Anyon...

I recently got approved for two loans totaling $48k. I was thinking of using about $30k to pay off my car loan, credit cards, renovate current home (putting up for rent next year) . Then I would use the rest to try an...

I know that opening a new line of credit will hurt my FICO in the short-run, but will raising my credit limit on an existing credit card have the same effect? Would it count as "new credit"?

Hi, I’ve read elsewhere (still looking for link) where FICO treats HELOC amounts > $35K more favorably than lesser amounts. IIRC, this has to do with calculating how the HELOC amount factors into your debt service...