 Is my credit score too bad to buy a home??? |
| I am a 25 year old single male. I am looking to buy a new home next year and I recently checked my credit score to get an idea of what I would be looking at. My credit score was significantly lower ... |
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 Is it possible to list a house for sale with more than 1 realtor? |
| we have 3 friends in the biz, and don't want to offend any of them, so we'd like to have them each get a portion of the commission if possible. If state law would be a deciding factor, we ... |
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 Does my landlord have the right??? |
| The lease agreement on my house us up at the end of April. My landlord contacted me yesterday and said that they wanted to start showing the house to people at the beginning of April.I do not want ... |
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 Can you pay for an apartment in advance? |
| I have a decent amount of money, enough for a years rent in a cheap apartment, but no credit and no cosigner. Will they take 6 months, or a year or whatever in advance to solve the credit issue?... |
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 Does a landlord have the right to get rid of an ex tenant's stuff? |
| My friend is a landlord in Texas .. his tenants trashed the house, didn't pay the last two months' rent, left rotting food in the fridge when they left and the place was like a pig sty ... ... |
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 What income level do I have to be at to qualify for a $200,000 mortgage? |
| How much money would I have to make to qualify for a mortage of $200,000 with a FICO score bewteen 650-700? Currently making in the low $60K'... |
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 Does a deposit have to be paid back? |
| if a deposit is paid to a private landlord for a property, then a credit check is done, and you cant rent the property does the landlord to have to pay the deposit back?... |
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 If I move out of my rented property without paying the last 2 months rent |
Can the debt collectors or courts find me if I don't join the electoral roll.
This is for people in the UK to answer please.
I know I'm underhand and a bad person ... |
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 I put my boyfriends name on the deed to my house...? |
| I put him down for 20% and me down for 80% since I bought the house. However now we are going our seperate ways and the house has sold. The closing date is not until May 30th. Does anyone know ... |
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 Can I break a rental lease when carbon monoxide is leaking into the house and it has happened before? |
| Landlord appears to have failed to correct this problem in the past and has reocurred. The gas company has records of the problems at this residence.... |
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 Is it smarter to buy your first home through a bank, credit union, real estate, mortgage co, or where? |
| Please email me also at MsWebTalker@yahoo.com. We are over cautious and do not know exactly what is what and who to trust.... |
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 Realtors: If I go out with one, am I committed? |
| I want to look at homes with a realtor. I don't want to be committed to one. I live in New Jersey. And had an offer with a realtor to go out tomorrow and look at homes. I may wind up going wtih ... |
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 My landlord always wanted me to pay the rent cash. I'm sure now he made income fraud. Were can I denounce it? |
| Indeed, he take 200£ on my deposit to clean but the house was perfectly cleaned by a professionnal... So I want to inform authorities of his fruad, but who?... |
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Healing for My Soul | Is it okay to use credit cards to buy real estate? |
I currently have good credit I would love to learn how to make more money.I contacted the real estate instition abouty finding a mentor to show me how to make money the cost 4 the mentor is $3775. but he is sugesting that I start out buy getting credit cards using them to purchase properties then transfer the balance from credit card to credit card if they don't sell fast every 30 days. is this okay I don't want to ruin my credit. I just want to be able to make money. |
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Mike
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The people that you are talking to are thieves. They are out to steal your money and nothiing more.
They will ruin your credit with that advice.
If you really want to learn how to invest in real estate, I recommend that you first become very good at determining the fair market value of a piece of real estate.
I recommend that you contact The Appraisal Institute and tell them that you waould like to learn about real estate appraisal and that your ultimate goal is to earn the MAI (Member of The Appraisal Institute) designation.
Take all of the training classes and go to work for an appraisal firm that is owned by a Member of the Appraisal Institute. Earn your MAI designation. At that point you are ready to begin investing in real estate and you will be able to invest successfully in real estate for the rest of your life, especially if you keep your credit good.
The characters that you are talking to will steal your $3,775, destroy your credit and teach you nothing about investing in real estate. And to make things even worse, you will not even make any money with those characters. You will lose money. |
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acermill
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Stay away from this 'mentor'. Not only is he ripping you off, but is also giving you horrid advice. Credit cards should NOT be used for something like real estate. What will you do if you can't find a place to 'zero balance transfer' ? You will pay the rates as agreed on the card you used. Do you REALLY want to finance a real estate purchase at 25% ?
Send this dimwit packing and save your $3775. |
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april
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No. Credit cards should not be used to buy real estate. Its too risky and i don't think these companies accept credit cards as payment. Often these are paid cash, financed through banks or issued with postdated checks. Also, credit cards don't have that high credit limits. And if in case you have one, i don't think all your credit cards will have the same limits. And why would your mentor give such advise? Believe me, you won't benefit from this proposal. Better avoid this mentor, he is just fooling you. |
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lacy k
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Credit card balance transfer is one of the preferred ways to get rid of credit card debt and is used by many people to get immediate relief. Credit card balance transfer essentially means that we transfer our outstanding balances from a high APR credit card to a credit card which offers low APR's. A 0% Intro APR credit card is the preferred credit card to transfer balances, but because of the widespread misuse of such credit card offers, credit card companies have withdrawn all such offers.
Indeed balance transfer saves a lot of money and can save things from going worse, but many people simply don't know the right way to do balance transfer. This article takes a look at the correct process to initiate and complete the balance transfer.
The first thing to look out, when a person wants to transfer his balances is a credit card which offers the lowest apr rates and lowest balance transfer fees. Many online credit card companies offer credit card comparisons. It is indeed a good practice to search for the credit cards using their services and decide on a credit card which offers the maximum savings. It is important to note here that balance transfer APRs depend on a person's credit history. If the credit card in question offers the lowest rates, it is definitely for those with the best credit ratings. There are different balance transfer apr's for people with lower credit ratings. So, it becomes imperative that one chooses the credit card which offers the lowest apr and balance transfer fees for his credit ratings. Raed more from: http://www.credit-card-gallery.com/article/414,The_right_way_to_credit_card_balance_transfers |
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Wylie Coyote
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Go Broke 101? Why not send me the money I will send it to a charity and do some good. Any quack can tell you to shuffle paper and make it look good, Flipping houses can easily make you broke the way you are describing. Save and then invest. Nobody really gets rich quick without paying the price. And who cares? I believe there are Federal Laws against using borrowed money to borrow money, similar to kiting. |
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Dr. Deth
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that's a quick way to find yourself out the street - that's one of the worst scams I've ever heard of. There is no way even in the best realestate market (and we're in one of the worst in a long time) you can buy a house, turn around the next day and put it up for sale and sell it for a profit and close in 30 days - it's just impossible. You'd have to sell it for at least 6% higher just to cover sales commissions and why would the house be worth 6% more right after buying it and doing nothing to improve it? doesn't make any sense. The only guy making money with that kind of advice is the guy selling the advice to suckers for $3775 - go to the library and read books for free on real estate - watch the real estate/home improvement shows on TV for free |
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MIND THE GAP
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This is a scam. Your mentor will take your money for his/her worthless advice. |
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Ken
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I am going to have to agree and say this is not generally a good plan. However, it is not ALWAYS a totally bad situation. If you find the right bargain and that is the only way that you can finance it, you may want to take that leap. I have seen it done successfully on property ladder. People often finance the rehab with credit cards. If you could get a 0% rate for 12 months (not uncommon) it would be even better.
You have to be prepared for the failure though. What are the options if the property doesn't sell? I would go no higher than 50% loan to value for sure. That way if you have to refi or dump the property you can.
Again, this is a very risky scheme. Not sure I would recommend it for a first time flipper. Don't forget that you will have additional expenses once you get the house. It is going to need some work. |
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Terry S
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This is a terrible idea.
Credit card companies today are the equivalent of Loan Sharks.
This strategy may have worked when homes were selling in 7-14 days.
Today it is taking 6-12 months to sell a home.
The credit card rate will eat you alive.
P.S. The card companies are onto people moving money from one card to another. The "Cash Advance" fee for using credit cards can be as high as 24% |
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psychopiet
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Everybody wants to earn easy bucks, almost nobody does so however. If you want to use CCs for this game than I think you are either very brave or very silly or you have a psyciatric problem.
Property speculation is for specialists, making money from amateurs who want easy money is less difficult. |
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I love the flipflops
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I don't know many people that could get credit cards (much less more than one) with that kind of limit.... |
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deepinterludium
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Not a wise decision and doesn't sound like a very good company if they're giving such bad advice. I'd stay away. |
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