Cassandra Sifford
Credit Score Took a HUGE Dive
HAPPY FRIDAY BP!!! I've been a homeowner for 6+ years and had finally decided to get into REI. I'm still educating myself (been doing so for the past 2 years), but decided to a HELoC to fund the down payment and wo...
Jean Claude
Down payment Seasoning
So I have a few rentals already but like everyone else I am looking to expand my portfolio. I have talked to a few private and hard money lenders and came up with an idea i would like to try. I have a discover card wi...
Gp G.
refinance load declined
Below is the response from my banker who did refinance earlier for me. Any lender who can do cash out refinancing for me based on Property/Asset rents but not on my credit score which is currently low around (656, 650...
Senad Salihovic
How Many Credit Cards Do You Have/Use
How many credit cards do you have? I have 1 that I been using for the last 4.5 years. I read some people have 10 to 20, I am trying to get my score over the 800 mark.I was also looking to apply for the Lows, Home Depo...
John Peters
Mortgage loan to buy a foreclosed house
Hi,
I’m 27,m, single, no kids, 733+ FICO score (1yr of history), zero debt, ~30k annual income & no permanent resident card (on visa). I believe i will get the card eventually, but rn i don’t have the papers to a...
Fausto Carosella
Refi of Primary home no longer deductible? What about house hack?
Hey all,So if I'm understanding this aspect of the new tax law, the mortgage interest is only deductible on ACQUISITION debt for your primary residence... correct? Meaning if I get into a house with a higher interest ...
Adelle Miller
Pay Off Debt or Invest?
I searched this site and saw other similar questions, but everyone’s situation is unique. I have some “bad” debt. It totals about $15,000, so not horrendous, but I still hate having it. These are approximations--$2...
Yadira Gutierrez
Debt Ratio...dealbreaker?
Hello BP Community!I will be making offers/bids for HUD and Fannie Mae homes soon. I would like some guidance in terms of how to approach applying for the loan.I currently have 2 credit cards and 1 personal loan for a...
Karl Hudson
Next Move. Rental Property #3 & 4
Looking for some advice with my next move. I would like to purchase two more rental properties this year. I currently own two, which are both generating a nice profit after expenses. One is in Florida, which is alread...
Patrick Padovano
Building investment prop, what account should I make draws from?
I’m building my first rental property on a piece of raw land I recently bought under my name. I plan to eventually transfer it into an llc I created once it is rented, and refinanced. Would it still make sense to open...