Jose Sarabia
Building credit
Hey there BP!I went in to the bank to see if I get pre approved, my score is 710, but they said I need at least one installment loan on my credit history, they recommended me buying a car. I don't want to buy a car be...
Nate Downs
Conventional mortgage from installment loan?
Hello All,
I currently have a conventional mortgage for my personal residence and one rental property. I have another rental property with a $24,000 installment loan. I have a couple questions:
When I w...
Jose Sarabia
Building credit
Hey there BP!I went in to the bank to see if I get pre approved, my score is 710, but they said I need at least one installment loan on my credit history, they recommended me buying a car. I don't want to buy a car be...
Alex Hamilton
FICO vs. VantageScore
I noticed on another post that there are a lot of misunderstandings regarding the traditional FICO scoring model and it's use for tenant screening. Has anyone tried using the VantageScore option instead? Is VantageSco...
Larry Wilkes
Paying down Credit cards
Hey BP i just have a quick question I am about 6,700 in CC debt I also made a mistake and took out an installment loan with upgrade for 4,000 monthly payment is about 178.00 for about 18 more months left on payments. ...
Chris Seveney
States are starting to crack down on seller financing
Sharing some info from two sources this weekRegarding states looking to strengthen seller financing licensing requirements and court decisions for those not licensed:First from Facebook group school of sharks:Hey guys...
Nate Downs
Installment loan or new 30 yr mortgage
Hello BP,
I am buying a property for 20,000 and wondered what the pro's opinions are.
Should I pay 20% down and get a 30 yr loan at 4% and obviously pay all the fees involved with this or
I have a...
Shawn Hansen
$35K, 0% Interest Personal Loan
Due to the SCRA and having an AMEX Platinum Credit Card I have the opportunity to take out a $35K personal loan at 0%. I know intuitively this is a great opportunity to take advantage of. We're in the process of buyin...
Matt Prater
Business Acquisition Opportunity & Losing Leverage
I recently came upon an opportunity to purchase an expanding healthcare business. In order to do so, I would have to sell 7 SFR I own outright. Hence, losing any leverage/future buying power with a LOC against those 7...
Owen Mitchell
Getting Approved for a DSCR Loan
A little about myself:Hi my name is Owen and I’m looking to do my first deal. The Flipping and BRRRR strategies both interested me a lot. Due to my own financial situation and goals. I already talked to a several har...