johnblaze05

This is an excellent tool, i've been looking for something like this!!!!

thanks, does truecredit pull all three??

I checked credit pulls and i live in ia so i knew they pulled TU, i applied online for the citi premier pass with a 650 transunion score yesterday and got the it's going to take addl information for approval up to 30 days. I went to get a personal loan from the bank and my score was 642 so i'm guessing that citi bank did an inquiry yesterday. Hopefully we both get approved but i don't like hearing it could take up to 30 days, but i guess it's better than you'll recieve a letter in 7-10 days. Does anyone else have any feed back????

Can i ask what you guys are using for your daily pulls? I've not done it in about a year and i need to get back in the saddle!!

Thanks for the reply! The leasee is in the building now and he owns the building. He's either willing to do either of the following: Sell the building alone and he pays me rent. Sell the business (successfull night club) and i pay him rent. Sell both the night club and the real estate together. If the he were to default i'd have a turn key business already with built in customers that i wouldn't have to buy. My whole thing is what would be the best way to get funding for something like this? And if getting biz credit helps this or not if they'll do a pg anyway? Thanks

Thank you very much for the reply i was beginning to wonder if anyone was going to respond! My fico will increase in the next couple of months. I'll be refi on home and paying down cc to get below util of 20% right know i'm at 100%. So i will have a good enough mid score. No matter what i'll have to pg the loan???? For what i'm trying to do, do i need to follow these steps and get a d&b # etc??? OR Will it be extremely hard to get the building and down the line take over the night?????? Thanks for the reply!!

Bump? Can i get any responses or advice?

Just to clarify when say me and the current owner have talked about lease payments i mean we've spoke about how much his lease payment to me would be once i bought the building. Any replies would be very helpful, i just want to go about this great opportunity the right way and i feel i could get some great advise from this forum. Thanks for the posts

I've been reading this forum for a few days and the info here is phenomonal i have the jist of what i'm supposed to do. I got my EIN # in 2002 but i've not done anything with it but i do now. My question is this i have an opportunity to by a building of about 10k sq ft that houses a night club. The owner is willing to work with me and we've talked about how much the lease payment could be. The problem is i have no capital and my credit scores are btwn 590 -625 with a mid of 593 used to be ALOT worse but thanks to the credit forum it's increased 80-100+ points each. I'm working on utilization to get another big jump. Anyway i'm trying to figure out what would be the best way to secure a loan or funding, i figure there can be a way by setting up my business somehow. It seems like from most in this forum already have a business and then they get the D&B, EIN, and Paydex etc. I'm in the beginning stages but just want to know the best route to get this building which has immediate cash flow. Thanks in advance for your responses.

I know i'm closing this month but not sure on the date. My broker has all the paperwork done we're just waiting on the abstract from the seller's lawyer. My broker said we'd have it this week and we could close by next friday Oct 21st. I've got my fingers crossed - This my first home purchase and it's brand new home. Hopefully we won't get any real hickups.

From EZ Mortgage plus i'm not sure which lender they're going through yet. Don't know if that helps.

Everythings included in the monthly mortgage payment.

Thanks, Well i guess i can move forward with confidence. Thanks for the response fla tan, i just wasn't sure what i was doing and if this was right. Thanks.

I'm a first time buyer and i've finally found a house that i like so i got preapproved. My scores are 599/603/604 and i got approved through a broker for 100% financing with 6.5% rate for 30yr on $205,000 fixed which is good considering my score. But this is the first time and something doesn't seem like i'm getting the best deal. Appraisal - $350 Credit report- $18 Broker Fee 1%- $2,050 Processing Fee- $750 Underwriing Fee-$795 Closing/Escrow Fee-$300 Title Insurance - $500 Recording Fees - $125 Estimated Closing cost $4,888 ITEMS TO BE PAID IN ADVANCE Interest 10 days - $370 Hazard Insurance - $720 RESERVES DEPOSITED W/LENDER Hazard Ins. -$360 Taxes Assesment -$1074 Estimated Prepaid Items - $2524 Total Estimated Charges - $7412 Monthly Payment including all P&I, Ins. $1581.41 That's the meat of it so please give me the good,bad,and ugly. Thanks for all the help. Also let me know if the broker fee of 1% is normal thanks.

Thanks!!! We'll see how long it'll last.