Self Employed and Home buying

[Sandy D]

Originally Posted by Gamefreak

A duplex is what i will be getting. Live in one rent out the other to family. IDR is NOT a problem as i don't have any bills but my credit ( 680 right now ) is little messed up from when i was 18 and stupid. Luckily those baddies will fall off late next year

Have you tried disputing them off?

Have you added new credit to help boost your score?

Be nice to get above 700 threshold.

Since they are this close to the statute of limitations you might be able to dispute them off.

[Gamefreak]

I can't dispute them off now. its kinda too late for that.

i was advised not to get any new lines of credit when you are going to be applying for a mortgage.

I can get it up to 700 by lowering my utilization on my current cards to about 4%

I really don't need any other cards though as my amex covers everything that i use my cards for. But when i do apply i will apply for couple of amex due to their backdating and I'm sure i can get good limits with them for all the money i put on my charge card.

[Sandy D]

Originally Posted by Gamefreak

I can't dispute them off now. its kinda too late for that.

i was advised not to get any new lines of credit when you are going to be applying for a mortgage.

I can get it up to 700 by lowering my utilization on my current cards to about 4%

I really don't need any other cards though as my amex covers everything that i use my cards for. But when i do apply i will apply for couple of amex due to their backdating and I'm sure i can get good limits with them for all the money i put on my charge card.

Correct, do not apply for anything.

What I meant was if you knew your score you needed to get a boost to get to 700 range before you applied.

Since you already have cards yes, paying them off will help you a lot but it might take 30 days for the report to show it.

Why is it too late to dispute them?

Better to dispute closer to statute of limitations then earlier in time.

Again, if you thinking of applying soon just leave them and pay off debt and wait for the report to update showing it.

No sudden moves on your files if you are going to apply soon.

[jamcocktail21]

Originally Posted by Gamefreak

those are just the info i was looking for. i have more money but i don't want to put down too much should something happen.

You already got your answer here from other members just wanted to add something about your message above

Buying real estate is like buying gold what could happen buying a duplex? I would be more concern about keeping your money in the bank then owing a property

I have many properties and i don't regret investing in real estate from the day i started

Good luck

[shaddypro1]

Originally Posted by rsot

I bought a condo with early eB sales (back in days of money orders) - long long nights, little sleep...I was working sales on eastern standard time AND pacific standard time...wow those were crazy days...and I was in school at the time

Nicee man! good stuff