Posted by Chris O. (Seattle, WA) on February 11, 2002 at 01:08:34:
Just FYI, here’s the scoup on the credit card:
The credit card was suppose to be a Student Visa card issued through Washington Mutual, the bank with whom I have my checking account, from Associates National Bank, which start with a credit line from $500 to a maximum of $2,500 (http://www.wamu.com/clending/creditCards.jsp). Instead, I was sent a Classic Washington Mutual Visa card because my student status was “unverifiable.” (I had not yet completed the enrollment process.) Washington Mutual’s web site does not list any specific information on this Classic, but from other sites, I’ve been able to figure out it’s around $12,000. Another Washing Mutual Visa first-time cardholder also reported having been issued a $500 limit without any security deposit (http://www.creditcardfreedom.com/reviews). The shortcoming the reviewer cited was not having their limited raised in 9 months. Probably a little badgering on their behalf would have gotten the job done. I’ll have to wait until tomorrow during business hours to actually find out the skinny. Or hey, perhaps tomorrows daily drowning of junk mail will contain an offer-opportunity all you long-time cardholders are undesirably berated by.
The risk/reward factor you bring up is an excellent point. The more I learn about real estate investment, the more exciting and rewarding it appears. In my question for getting daytrading startup funds through real estate, I hope to develop expertise-enough to do both. Cultivate a monthly cash flow large enough to quit my menial jobs and be able to walk away from some deals with five-figure checks to help daytrade. And it’s promising to hear that Seattle is a furtile market to begin in!
Thanks for your well-wishing and dialog. Later,