Kevin Hurricane Hudson
Using a credit line and paying it back
I'm in the process of acquiring a credit line on a property. I'll have a $200K credit line soon. I know I could do a BRRR with a property under $200K but what if the property is over the $200K mark. How best do I...
Brandon Hall
Need Three Tradelines to Validate a Credit Score?
Hello everyone,I am going through the mortgage approval process and though everything else checks out (good income, credit score, reserves) she is claiming that I cannot qualify for an investment loan because I only h...
Sam Rothstein
RV dump station with a credit card reader?
Does anyone know of a dump station with a credit card reader and a dump locking mechanism? The only option I have found is the one made by SaniStar, and it is fairly expensive. We are looking to add two of them to our...
Jeff Fountain
Renters using a credit card to pay rent
Hey guys, I have a potential renter wanting to use a credit card to pay rent. In this case it is a government employee attending a government training camp (FLETC - Brunswick, GA). The government provides the person a...
Adam Worland
Does owner financing show up a credit report?
Might be a dumb question but if it doesn't show up that's an extra advantage, correct? The advantages are that it wouldn't affect your income to credit ratio? as well as perhaps not count as an official mortgage that...
John Paul Whaley
Using a Credit Card to Purchase Real Estate
I’ve heard a few people on the podcast mention using credit cards to purchase real estate. I am extremely conservative with my credit card use, and as a result have great credit that I would be scared to put in jeopar...
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...
Luis Espinoza
Using a Credit Card to finance a Rehab
Hi all,Looking for your input on this one. Have any of y'all used a credit card to finance the Rehab of a BRRRR property? How did it go?I'm looking into purchasing a distressed property with cash and using the CC to f...
Duane Hundley
Paying Off A Property On A Credit Card
I purchased a property back in Aug using a credit card with 0% interest for 12 months with 4% trans fee. A little about the property: it was a total amount $25,400, Rent: $500Expenses: $40 per monthPaying: $460 per mo...
Sheila Reyes
Asking for a credit vs asking for repairs
What are the pros and cons if I go with one vs the other? I also heard that using the words "credit" or "repair" in the addendum could signal a red flag to a lender.