What is credit blitzing?
Hello Biggerpockets Community
I am new investor here in Brampton. I overheard a conversation from a real estate meeting but I forgot who it was. Some guy talked about credit blitsing or bank blitsing?. Can someone elaborate on that in detail?
When is it appropriate?
How much should I get?
Are there Do's and Don't?
Any information related to this specific topic is appreciated😊 im a newbie looking to get my first investment property.
Quote from @Colby Brandon:I'm a golden oldie and I've never heard of it.
Hello Biggerpockets Community
I am new investor here in Brampton. I overheard a conversation from a real estate meeting but I forgot who it was. Some guy talked about credit blitsing or bank blitsing?. Can someone elaborate on that in detail?
When is it appropriate?
How much should I get?
Are there Do's and Don't?
Any information related to this specific topic is appreciated😊 im a newbie looking to get my first investment property.
haven't heard of it either...
nope. probably some 'guru'
Quote from @Mike Hern:
Quote from @Colby Brandon:I'm a golden oldie and I've never heard of it.
Hello Biggerpockets Community
I am new investor here in Brampton. I overheard a conversation from a real estate meeting but I forgot who it was. Some guy talked about credit blitsing or bank blitsing?. Can someone elaborate on that in detail?
When is it appropriate?
How much should I get?
Are there Do's and Don't?
Any information related to this specific topic is appreciated😊 im a newbie looking to get my first investment property.
I just remember the brief point of the discussion saying to raise as much credit as you can in a short period of time or something? Just wondering the implications of that.
Quote from @David M.:
haven't heard of it either...
hmm i see.. ive only heard about it like twice in my life but pretty much they said to raise as much credit from banks in a very short period of time.. like loc's? Idk if this applies to mortgages😵
@Colby Brandon Wild guess might be to try to open many intro off 0% credit cards at once...