Thinking to go on application spree or should I garden?

[Appleman]

And head to garden...

If you want to see what PenFed can do for you, apply and take the one EQ HP.

Looks like you may want to give EX a breather as you took a pretty good point drop with applications.

Also, do you have any goals with the current app spree? You have had a great jump in salary, just be aware it never seems to go as far as one things.

You are in a great spot to work on a newly revised budget with the new income and avoid any new debt. 

[Anonymous]

Leaning towards gardening for 6 months and then apply for the chase cards. Then garden another 6 months after that to apply for anything else since they are sensitive to new credit. Perhaps app for the chase sapphire preferred in november and than the chase unlimited freedom in december. 

My goal is to eventually raise my TL from $9300 to $100k+. Eventually be able to self fund my side real estate projects that would typically involve high interest rates/points up front and hassle to find hard money loans. If I take advantage of 12 month 0% interest periods in the future I could save thousands per year in interest payments for building materials. It would help to have a high TL so that I can not have my total utilization % increase and hurting my credit scores.

[Anonymous]

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@Anonymous wrote:

Leaning towards gardening for 6 months and then apply for the chase cards. Then garden another 6 months after that to apply for anything else since they are sensitive to new credit. Perhaps app for the chase sapphire preferred in november and than the chase unlimited freedom in december. 

My goal is to eventually raise my TL from $9300 to $100k+. Eventually be able to self fund my side real estate projects that would typically involve high interest rates/points up front and hassle to find hard money loans. If I take advantage of 12 month 0% interest periods in the future I could save thousands per year in interest payments for building materials. It would help to have a high TL so that I can not have my total utilization % increase and hurting my credit scores.

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Hard money lender for real estate is easy to find. It's the down they require that's hard. Most require 40% down with an APR of 10%. U also need to calculate in a 32% tax for fast capital gain (owning property for under 2 years). Also to remodel a house isn't really the materials that's expensive. Yes that can be put on credit but what about labor? Most won't allow those to be on credit. So if you really wanna fund real estate flipping. Best is to own properties urself where u have equity in it and take out loans against it