Re: Buying under fair market value? - Landlord Forum thread 325921

Re: Buying under fair market value? by Garry (Iowa) on October 19, 2014 @11:05

Why do you need to "build your credit up" ? Why is it down? You should not be even thinking about buying ANY property until your score is above 700. True investors use their high credit scores to borrow money to fund their investments. They know how to use OPM ---- "other peoples money" to get good deals. You need to spend the next year putting money away, and paying ALL your bills on time, before buying any real estate.

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Re: Buying under fair market value? by John Farmer (Florida) on October 20, 2014 @03:48	[ Reply ]

When you say "other people's money," you mean the bank, right? I let a $500 credit card go delinquent when I was 21, so now I need to get a secured card to build it up.

Re: Buying under fair market value? by Anonymous on October 20, 2014 @12:09	[ Reply ]

Al, is that you? Did you ever pay off the credit card?

Re: Buying under fair market value? by Anonymous on October 20, 2014 @12:31	[ Reply ]

If that is the only black mark on your CR and that is causing you issues then you are long way from considering buying income properties.

Re: Buying under fair market value? by John Farmer (Florida) on October 21, 2014 @21:45	[ Reply ]

I don't see it that way.

Re: Buying under fair market value?