Mark Douglas
Credit Card Cash Advance ?
Has anyone got experience in using the cash advance as a downpayment, and repaying the loan from the cash flow? Has this been effective? What are some risks (aside from the high interest rate on repayment)?thanks !
Michael Steyn
$150 000 (cash) No Credit Score: Best Strategy
G'Day BiggerPockets,I will be immigrating to the States in July and currently contemplating what the best investment strategy would be for someone in my situation. I would not have a credit score when I first arrive, ...
Andrew Schlessinger
Credit Card Purchase
BP,
I’m looking to purchase a property when the current renters move out in June. I can make the purchase with my business partner’s credit card (12%), the property will be in my name (he doesn’t want to do b...
Joyce Jackson
Heloc vs Home Equity Loan vs cash out refi
We have 2 rentals HM#1- $280k financed its worth $500k. HM#2- is worth $420k & We owe $283k. Im feeling stuck. Which cash access option is the best or would you recommend? Which is the fastest? Downstream.
Clark Coffey
Tenant Screening - How much fo you look at debt?
Hello all, yet another screening question. Thank you in advance for your advice.
I don't do this often, I've got one unit, and I've only rented it for 6 years, so I've only had to go through a screening process a fe...
Omar Williams
Leveraging credit to purchase rental properties
I was wondering what the general opinion on this is. Does anyone have experience with buying rental properties this way? Would you recommend this method for people who don’t have the captial for a down payment on a re...
Joyce Kim
Personal financial hardship - HELOC vs Home Equity Loan?
I was recently laid off and have accumulated about $20,000 in credit card debt, primarily from paying last year's property taxes and covering a few months of living expenses. I own a house with approximately $400,000 ...
Stephanie Money
HELOC Repayment plan
Thinking of doing a HELOC... what are the pros and cons of repaying it? From my point of view, why would I do a HELOC versus saving up and using cash. Paying interest on an amount of money that I could’ve just saved d...
N/A N/A
Quick Credit question
I'm only 20 years old at the moment, so I haven't had enough time to get a really good credit score just because of that. I've never had any late or missed payments and pay over the minimum every time...pretty much i'...
Nick Coons
Creative Financing with Credit Cards
I'm always trying to think of new and creative financing options. One has just occurred to me, and I'm curious if anyone is doing it.Using credit cards for financing can be expensive, even when going through a service...