Lincoln Land Community Partners

Most of of us were told when you want to build credit, start out with a store credit card. That was BAD ADVICE. So here's some BETTER advice.

Apply for a secured credit card with a $0 annual fee. You'll pay a deposit of whatever amount you want the limit to be. $200 is a good starting point. Use that card to pay your standing monthly bills, i.e. phone bill, utility bill, subscriptions, ect. Don't use it for anything else. Buy only what you can afford on credit, things you'd pay for anyway, with or without the card. Now when you get your paycheck instead of paying the bills, (you already paid with credit) use that money to pay off the card. You won't be charged interest if you don't carry a balance. Pay it off every month.

Do that for 3 -6 months. Then you'll start to get credit offers. Don't sign up for any card that has an annual fee. The first offers are bait. Wait for better offers...higher limits, low interest rates, no interest for 24 months, ect.

Capital one is good place to start. Pre-approval with no impact on your credit score. Sign up through the link and Il split the referral bonus with you. 😁 $25 I hope you put toward your bill. 😉 Gotta start somewhere. The link and preapproval is good for any credit offer.

Rental property: asset or liability? On one hand there’s security in a passive source of income. On the other hand, it can be a constant source of stress and added expense. Whatever the case maybe, you do have options. Sometimes you just need a new strategy, a plan B.

Throw out the templates and revamp the lease agreement. Make an offer, that after 3 months of on time payments they have the option to buy. There’s a goal and also incentive. Next, refer them to a credit counselor or a credit repair agency so that during those first 3 mos. they can work on getting qualified. Offer to return their security deposit to be used toward the down payment. With an FHA loan they won’t need to put very much down. It's an attractive offer that doesn’t cost you anything. Once approved, they have a permanent residence, a mortgage loan, and a new relationship with the bank. You have a check for one lump sum and you are freed of all responsibility.

You can buy more property and do it all over again …..Or you can take the money and run! 😂

Home LLC Partners is a premier support service agency dedicated to empowering individuals to achieve their personal, professional, and educational goals. We provide a comprehensive suite of services designed to equip you with the tools, knowledge, and confiden

Ocean Power Technologies had a pretty good day. It’s always good to consider the market info, price history, volume, ect. before you invest. Other things to consider…

1. Does it meet a need?
2. Does it utilize existing resources?
3. Is it sustainable?
4. Who do they do business with?
5. Capacity to lead change or be change, Flexibility.