Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Classifieds
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 2 years ago on . Most recent reply

User Stats

12
Posts
3
Votes
Houston Anglin
3
Votes |
12
Posts

I need of a quick loan

Houston Anglin
Posted

I have a property that is own free & clear but am having trouble getting a loan do to high credit utilization & no extra $ to pay off to get credit score up for Traditional lenders . But if loaned the $ on free & clear tenant in place bldg I own ,was given then I can pay off high credit utilization & then score would go up & high dti would no longer exist because all debts will be paid & I will only have primary house loan & now investment property to pay for…

can someone please help me with this need loan asap !!

thank you in advance 

Most Popular Reply

User Stats

8,153
Posts
3,696
Votes
Basit Siddiqi
  • Accountant
  • New York, NY
3,696
Votes |
8,153
Posts
Basit Siddiqi
  • Accountant
  • New York, NY
Replied

Maybe not the answer you want to hear.

Sell the property that you have that is free and clear to pay off your debt.
That is the best return that you will get.

Current average credit card debt is 20%+(I will assume some of your debt is credit card debt).
It is hard to beat 20% return.

It will also make you feel better having the debt off your shoulder.

Best of luck.

business profile image
Basit Siddiqi CPA
4.9 stars
79 Reviews

Loading replies...