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blqbutterfly

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About blqbutterfly

  • Birthday September 30

Profile Information

  • Location
    City of Angels
  • Interests
    Commercial Real Estate Flipper.

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  1. blqbutterfly

    The Master Travel Redemptions Thread

    Heck yea....we haven't decided where yet!
  2. blqbutterfly

    The Master Travel Redemptions Thread

    Hi CV thanks for your wonderful advice. The trip was amazing and am proud to say I didn't use any of the cards. We stayed at an all inclusive resort the RIU and so we only used cash for taxis and souvenirs. I actually spent a total of $100. I even played at the casino at Atlantis and won $100. All in all a great trip but the city downtown is very dirty and those taxis were horrible. Those all you can drink rum drinks were fabulous!!! Fish fry at Oh Andras was fantastic too!
  3. blqbutterfly

    The Master Travel Redemptions Thread

    Hey Konrad I actually did not take it and am proud to say I didn't use any of the cards. We stayed an all inclusive resort the RIU and so we only used cash for taxis and souvenirs. I actually spent a total of $100. I even played at the casino at Atlantis and won $100. All in all a great trip but the city downtown is very dirty and those taxis were horrible.
  4. blqbutterfly

    The Master Travel Redemptions Thread

    LMAO.....I knew you would say not to take Discovery! I'll just take the NFCU and Chase. I know Navy doesn't charge foreign transaction fees on this card, not sure yet about Chase. On second thought I'm taking NF and Cap One neither charge foreign transaction fees! As for the smuggling um you got me LOL!! Nah I'm kidding I plan to do the "buying expensive drinks made from cheap rum" part a lot but I'm not planning on the touristy stuff. I'll figure the cash thing out. Thanks so much for your response!
  5. blqbutterfly

    The Master Travel Redemptions Thread

    Traveling to Bahamas in a week, which card should I take? and how much cash should I carry for a week. I'm getting mixed info about using cash there vs a card. I don't have any "travel" cards. Chase Unlimited Freedom Discover Cash back NFCU Cash back AMEX green Quiksilver Cash back Thanks for any advice. PS all cards have a zero balance.
  6. blqbutterfly

    Discover IT

    Los angeles
  7. blqbutterfly

    HELOC or HE Loan

    Thank you both...it was not easy!
  8. blqbutterfly

    HELOC or HE Loan

    Thought I'd give a quick update. I did not refinance or sell the house, but value has improved nicely to about $520k. However, I did pay off most of the $87k in the last eight months, leaving me with about $7k to finish by December if not sooner. I managed to close four RE deals, drove Lyft everyday almost (sigh) and cut down on all the extra utilities etc. and got a renter for six months. Now, I'm just working on closing accounts slowly and hoping for no adverse action but I am realistic there may be some. I started with some of the toy cards after a post I did here on CB a few days ago. Someone advised I start slowly with the lowest cards so I closed three $100 limit cards that had already had some adverse action back in December. Next stop getting out of the lease next month. Thanks so much for all the advice.
  9. blqbutterfly

    Do I close or combine? Help needed please!

    Yes all the ones listed have a 0 balance. Okay I was thinking of closing the $100 toy cards...starting with Comenity cards first. Thank you it was not easy by far....I don't ever want to experience that again!
  10. So I have recently paid off about $87k worth of credit card debt over the last 8 months. I have several cards I'd like to close but I don't know how to strategically do it without adverse action. Can you please advise when I should close or should I combine. Here are the cards and open dates along with CLs. Thanks for your help! AMEX GREEN - can I PC this into something...opened 7/2015 -- otherwise I'll keep it. I was included in the backdating so this technically was opened in 2002. NAVY FED Navy LOC $15k opened 3/2014 -- I'd like to drop the limit on this--I don't trust myself. Navy Cash Rewards $24k opened 3/2014 - I want to combine if NF still allows this. Navy Flagship $10k opened 7/2015 CAP ONE Quiksilver $2300 opened 8/2013 Venture $5k opened 1/2015 Venture One $3k opened 2/2015 Sony Visa $750 opened 11/2013 -- I am closing this card, you cannot combine. Kohls $500 opened 8/2012 -- first card and oldest before BK discharge in 2013 OTHER CREDIT UNIONS Northrup Grumman CU $2500 opened 11/2013 Liberty Credit Union $2000 opened 9/2016 COMENITY TOY CARDS I would like to close all of these if you think it wouldn't hurt me! The famous SCT trick (very bad). Ashley Stewart $3000 opened 3/2013 Victoria Secret $100 opened 3/2013 Express $2650 opened 9/2013 J Crew $1450 opened 11/2014 Pier 1 $500 opened 6/2014 Ann Taylor $2000 opened 8/2013 HSN $750 opened 4/2015 SYNCHRONY CARDS QVC $100 opened 10/2015 TJ Maxx $100 opened 3/2014 Walmart $1930 opened 9/2013 Kevin Jeweler $5000 opened 3/2014 Phillips 76 $2700 opened 1/2014 Chevron $2000 opened 9/2013 Ashley Furn $4000 opened 5/2014 OTHER STORE CARDS Kay Jewelers $7200 opened 2/2014 Macys $1500 Opened 2/2014 Bloomingdales $2000 Opened 2/2014 Dillards $500 Opened 11/2014 CFNA firestone $1200 opened 1/2015 I want to keep these: Target $1200 Chevron $2k Lowes $10k Thanks for any assistance. I have learned a lesson here and just want to drop the dead weight!
  11. blqbutterfly

    HELOC or HE Loan

    Sounds offly risky in your situation, if you didn't have all the debt racking up interest I'd be all about letting it ride. At the same time things that go up quick, go down quick too. You could pay payments for the next year and a half just for housing prices to go down leaving you stuck in the house while student loans kick in leaving you unable to pay everything. Right now could be your last chance to break clean just because you can't rent a house for the same price doesn't mean much. How many extras are you paying on that house utilities, maintenance? What if you moved to an apartment would the total price be a lot cheaper? I respectfully disagree I am a Realtor.. we are not near the top yet in my neighborhood and honestly I have no plans to ever sell my home. I do however, plan to do some more repairs (lots of repairs are needed) in the next year and rent it out. Yes if I rented an apartment it would be about $300 cheaper at the most as rents are rising rapidly with a 1 bedroom being offered at $1395 these days. My other option is I can easily rent a room in my home now for about $600 a month. But the best news is i sealed the deal on a part time job for the holidays so for the next two and a half months I'll have some extra funds to pay off a few things and get myself in a better place and I got my annual raise today on my regular daytime job which gives me a little extra as well. I'm going to be able to work this out with a lot of discipline. Thanks so much for your advice and opinion. I'm in real estate myself. I know and work for about 5 realtors, all of them seem to have too high of expectations. No matter how many times they are wrong on too high of a value they just keep being optimistic. Every now and then they do hit a home run with sheer luck. I'm not that optimistic, I'd take the money and run while I could. Mainly because I'd hate the thought of working a full time job and a part time job having no free time and still no money. I like my free time and my money in the bank I guess thats just me though to each their own. I respect your knowledge and your opinion. For me, its not in the cards for me to sell at this time. I of course love money in the bank and having my free time, but I also realize that I got myself into this mess and I will definitely get myself out of it. In my opinion, as a Realtor you have to be optimistic or you might as well not be in the business. We all are aware there will be times when we will get it wrong. By know means am I saying I'm going to make a million dollars off my house...I don't even think I'll get close to that. However, since i started this post my value has went up from $434k to $468k in two weeks-- it's too soon to bail out now. Thank you for your time and opinion. Funny right after that post I went to one of my realtor customers houses and told her about a house I saw. She got really excited and wanted to partner on a flip, we went to go look at it turned out to be a dud. She kept trying to down play some of the stuff at first and wanted to go for it. She realized it was a no go though. Do you need the repairs to get the 468k or is that as is? How much in repairs are needed? I'm in a live in flip myself and don't want to move. When I bought I was planning on moving at the 2 year owner occupied mark. Here I am 3 months past that and still dunno if I'll move in the spring. Stuff like painting and the kitchen seems like too much work with the house occupied. At the same time I don't want to have to move all my stuff again. No need to wish you good luck, you know what needs to be done, hard work one way or another. You'll make it just fine. That's as is right now $468k without any repairs. The repairs needed are some exterior paint, some concrete work, probably could use some new garage doors, stuff like that. This is how I got into so much debt trying to make it more livable, (electrical, windows, interior paint, refinish hardwood floors) comfortable because it just makes no sense for me to leave and buy another property when I have equity and a 2% mortgage rate for the life of the loan. You are right I'm doing just fine, the second job is helping out tremendously and I'll just keep it going. I'll also jump back into the Real Estate game early part of next year as well. I've since cut down some of my essentials per CV's suggestions so at the moment its working out. Thanks again.
  12. blqbutterfly

    HELOC or HE Loan

    For which rental value or sale value? For rentals there is one directly across the street that is smaller than my home currently renting for $2400 to a section 8 tenant. My home was appraised last week for $468k. I'm in the business so I actually look at comps that have sold in my area. Currently, we are averaging about $368 per sq foot which is very close to the appraisal done and received last week. I do not use sites such as Zillow and Truila. I learned very early on in my career that they were fakos!
  13. blqbutterfly

    HELOC or HE Loan

    Sounds offly risky in your situation, if you didn't have all the debt racking up interest I'd be all about letting it ride. At the same time things that go up quick, go down quick too. You could pay payments for the next year and a half just for housing prices to go down leaving you stuck in the house while student loans kick in leaving you unable to pay everything. Right now could be your last chance to break clean just because you can't rent a house for the same price doesn't mean much. How many extras are you paying on that house utilities, maintenance? What if you moved to an apartment would the total price be a lot cheaper? I respectfully disagree I am a Realtor.. we are not near the top yet in my neighborhood and honestly I have no plans to ever sell my home. I do however, plan to do some more repairs (lots of repairs are needed) in the next year and rent it out. Yes if I rented an apartment it would be about $300 cheaper at the most as rents are rising rapidly with a 1 bedroom being offered at $1395 these days. My other option is I can easily rent a room in my home now for about $600 a month. But the best news is i sealed the deal on a part time job for the holidays so for the next two and a half months I'll have some extra funds to pay off a few things and get myself in a better place and I got my annual raise today on my regular daytime job which gives me a little extra as well. I'm going to be able to work this out with a lot of discipline. Thanks so much for your advice and opinion. I'm in real estate myself. I know and work for about 5 realtors, all of them seem to have too high of expectations. No matter how many times they are wrong on too high of a value they just keep being optimistic. Every now and then they do hit a home run with sheer luck. I'm not that optimistic, I'd take the money and run while I could. Mainly because I'd hate the thought of working a full time job and a part time job having no free time and still no money. I like my free time and my money in the bank I guess thats just me though to each their own. I respect your knowledge and your opinion. For me, its not in the cards for me to sell at this time. I of course love money in the bank and having my free time, but I also realize that I got myself into this mess and I will definitely get myself out of it. In my opinion, as a Realtor you have to be optimistic or you might as well not be in the business. We all are aware there will be times when we will get it wrong. By know means am I saying I'm going to make a million dollars off my house...I don't even think I'll get close to that. However, since i started this post my value has went up from $434k to $468k in two weeks-- it's too soon to bail out now. Thank you for your time and opinion.
  14. blqbutterfly

    HELOC or HE Loan

    Dang! I'll think about that...that's some good monthly income.
  15. blqbutterfly

    HELOC or HE Loan

    Thanks so much! You are right I should use the create REALTOR® trademark!

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