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How to Build Credit Like a Pro
Categories: Blog Posts
It can feel overwhelming to build credit, but these three tips and tricks can help you quickly get back on track. 1. Don’t close credit cards you’re not using. You can cut them up so you can’t use them anymore, but let them keep reporting. Credit bureaus see the extra available credit which helps build […]
6 Things to Consider When Estimating Out of Pocket Expenses as a Real Estate Investor
Categories: Blog Posts
What out of pocket expenses should you expect to pay when you’re getting into the real estate investment game? 1. Initial Deposit and Closing Costs When you sign the contract, you’ll need to put down an initial deposit. This is part of what you see in a HUD-1 settlement. Additionally, if a lender lends 90% […]
Fix and Flip Out of Pocket Costs Explained
Categories: Blog Posts
How much in out of pocket costs should you expect for your fix and flip? For every fix and flip or investment property you buy, money is going to come from two places: lenders and your own pocket. We know lenders can lend up to 90% to 85% of the purchase and 100% of the […]
Credit Scores Explained
Categories: Blog Posts
Understanding credit scores is critical in your journey as a real estate investor. Lower credit scores mean you might not get a loan you’re applying for. Or you might have to put more money into a deal. If you have a bad credit score, you’ll typically see higher rates or terms which make dealing with […]
How to Fix High Credit Usage as a Real Estate Investor
Categories: Blog Posts
Avoid the investor bad credit cycle and fix high credit usage using these two simple tricks. High personal credit card usage → Bad credit score → No loan (or a loan with unfavorable terms) → No or less cash out to pay off the cards → Difficulty getting a loan for the next project What […]