Richard West
LLP / Foreclosure - Effect my credit/history personally?
Hello !
Been awhile. I currently have a 3b1b in TN, which I owe probably more than it's worth. It's been a hassle to deal with with property management and such and at this point I'd rather get rid of it.
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Miller McSwain
Personal Line of Credit for Real Estate
I found that US Bank offers personal lines of credit for $5k-$20k at 10% interest with no annual fee.I figured it wouldn't be a bad idea to have access to this for a rehab overage, black swan event, etc.Does anyone kn...
Gonzalo Escobar
High line amount personal lines of credit?
I am looking to lower my utilization as a way to give my credit score a big boost. I decided to replace a 30yr mortgage at 5% on my 4-flat with a HELOC at 3%. Unfortunately though while i am saving a ton in interest i...
Takiyah Riley
Personal line of credit for down payment
Hey everyone, So this what I did..I have access to 60K in personal LOC. Instead of using my own capital (16K) I used 30k of my personal LOC for the down payment on a duplex. The all in cost is 85K with an ARV of 125-1...
Arturo Gouro
Tips for a personal line of credit
Do anyone have any advice or tips on how to pay the personal line of credit faster?... like take out money at the beginning of the month and deposit at the end.. or deposit at the beginning and take money out the end ...
Tyrell Blake Jr
Leveraging personal credit for wholesaling real estate
Hello, I’m 20 years old and have good to excellent credit. I’m looking to get into real estate investing by utilizing my own credit to wholesale properties in hometown and find buyers. Please give any advice or sugges...
Ryan Keenan
Personal line of credit and creative finance
Hello BP, is there any problems with taking a personal line of credit out and seasoning it in your bank account for a few months then using it for a down payment and rehab?
Example : I take 50k out on a personal line...
Account Closed
How new mortgages effect personal credit score
So I have my former residence in my personal name (which I am renting out) and recently purchased another home (which I currently live in). I intend to rent this one out as well. I bought my current home in July and i...
Mark Koontz
Chase Business Credit Card Reporting On Personal
A little under a year ago, I got a Chase Ink Business Cash card under my LLC to finish a rehab. Everything I read at the time (and still read), is that Chase Business cards do not report to your personal credit UNLESS...
Keith A.
Business Line of Credit involving personal properties
I have properties in both my personal name and business LLC name. Some of the ones in my personal name have conventional financing and others are free and clear. Similar with the ones in the LLC, some with private l...