Peter Kopchik
High credit card debt and poor credit because of it, what to do?
I had a poor first year as a home owner as I had surgery and was out of work for half the year. I built up quite a bit of debt as I had to remodel my 2nd unit to be able to rent it. I am reemployed make a decent wage ...
Luis De La Fuente
Paying down debt vs investing
Hello all-What is the general opinion with regards to paying down debt vs investing in properties? I will be receiving a bit of cash here in the near term and cannot decide whether to pay off my existing credit card ...
Chris Seveney
US Debt Data From Kobeissi - Scary
So I saw the data below and am wondering, are americans fighting inflation with debt? Have incomes kept up with inflation? What will happen when the credit card companies and banks tighten their lending standards?Do y...
Lizbeth Castellano
Help! Paid down debt by 10k and my credit dropped?
Hi everyone, bran new here and to real estate investing. Last month i took the little money I had (10k) and used it to pay down my high interest credit card debt. Thinking this needed to be done prior to my real est...
Barry Smith
Financial Experts - Refi to pay off credit cards, or leave loan balance?
Are there any financial experts out there who can answer this? Is it better to refinance a house and increase the loan balance to pull equity out and pay off the business credit card balance... that is eating up month...
April Robbins
Pay off line of credit or reinvest
I have 4 rentals bringing in $2000 month cash flow. Only debt is line credit at bank for $9500 at 12% interest. My husband had a new business do bad and we have 55k in credit card bills at 21% eating us alive. Should ...
Antonio Bodley
What is consider good debt and bad debt?
In my opinion bad debt is when you pay a debt that is not making you money for example paying bills and student loans. These debts are not making you money where as good debt is somewhat like and investment like using...
Lady Stephanie Vasquez
Using HELOC to pay off debt and downpayment
HI BP. I am very new to this community. I have listened to podcasts and read on other groups about real estate investing. I currently have one primary residence SFH, looking for it to be rented out once I get my two y...
Jason Avila
Paying consumer debt or investing with new capital?
I have about 25k in cash available. I also have about 45k in non-real estate debt. Credit cards, car loan. I really want to refinance my current residence to get it rented and look to buy a new home. Both the refinanc...
Bryce Vaquera
Made it this far! finally admitting I am a little stuck. (debt)
Hello everybody, so I bought a duplex 7 months ago, racked up about 15k on three different credit cards. I don't want to explain haha.
QUESTION: Is there a way to deal with this debt more strategically??
I've hear...