Seasoned Business People and Investors - Posted by Jesse

import · February 13, 2008, 5:31pm

Posted by Tyshonna Thomas on February 14, 2008 at 20:15:09:

Hi David:

I purchased one of your courses years ago at a national re. Good job.

Thanks

Tyshonna
See You@ The Top
Tmsptee@aol.com
Ohio

import · February 13, 2008, 5:31pm

Seasoned Business People and Investors - Posted by Jesse

Posted by Jesse on February 13, 2008 at 18:31:45:

I am a newbie with practically no funds or credit. What I would like to do is get a line of credit not to use, but as a proof of funds in order to make low offers on bank-owned properties. What would I have to do to make something like this happen. Or is it even possible keep in my i dont want to actually use the credit.

import · February 14, 2008, 10:12am

Re: Seasoned Business People and Investors - Posted by David Alexander

Posted by David Alexander on February 14, 2008 at 11:12:13:

Creative real estate is alive and well…

I have never used my credit even once to buy and sell a house in almost 11 years…

Learn to do deal without money, to make money… that’s the first key to this business and any other.

David Alexander

import · February 14, 2008, 6:52am

Discipline and Responsibility - Posted by Jimmy

Posted by Jimmy on February 14, 2008 at 07:52:10:

forget about LOC’s.

you have no cash. start working on that NOW. scale back your personal spending. save 10-20% of your income each month. for most newbies, this is the easiest way to improve the credit profile. but most newbies NEVER do it, because they lack discipline.

yuo have “no credit.” does this mean poor credit? or maybe you have no profile at all? anyway, paying your bills on time is an excellent way of keeping your scores up. paying your credit card balances each monthis another way to beef up your scores. but if you carry a balance near the max, it beats up your scores. and have a few lates in there, and you are sinking like a stone.

there is no easy way to right your ship. it takes discipline and self-responaibility.

import · February 14, 2008, 6:04am

Re: Seasoned Business People and Investors - Posted by arlanj

Posted by arlanj on February 14, 2008 at 07:04:56:

You can get a line of credit any day - if you have collateral.

If you get a line of credit, you will use it.