Hello bpI know a heloc functions very similar to a credit card however what happens when you use over 80% of your total line and only pay the minimum payment. Will this adversely affect your credit score?

Greetings BP Community, I’m glad to be here and thanks for having me! Quick backstory, I initially planned to invest in my first rental property back in March, I had worked diligently to clean up my credit, paying off...

Hi guys,I am not sure what happened to the rental market. All I am getting are people with bad credit. One newly married couple : she had 635 credit, he had a few evictions. The other couple: the guy had an eviction, ...

Is it legal to have a sliding scale credit score requirement that is dependent on the tenants out of pocket if you are accepting section 8?  For example if full rent is $1600, your min score is 625 but if your out of ...

Hi All,So I've always had a pretty solid credit score and thus never had to develop a skill set to improve my fico score other than paying things off and making regular payments.  My wife, however, is a different stor...

Hello! New here and came across this site after trying to find a way to finance a house that I eventually want to purchase. We have lived in our current rental for a year but the owner now wants to sell at the end of ...

I have a young couple wanting to rent  a 2/1 for 1325.00 a month They have good jobs and the income is more than necessary to qualify . But their credit is 466 and 501 . They are in their mid 20's . Everything else lo...

Hey everyone, i am trying to get a HELOC on my primary residency to fund two duplexes in my local market but I am struggling to find a lender that will give me a line of credit due to my credit score being around 600....

Good Afternoon All,Before COVID, I was looking in the NJ (Elizabeth and Newark) market for a multi-family property. I wanted to take advantage of my FHA and house-hack as an owner occupant. My credit is at 650, due to...

Hello all, I have a situation and need some advice. There are a couple of moving parts so please bear with me. 1st, I have poor credit. My fico scores are 594, 606 and 619.  2nd, I am working on a flip right now and e...