News for hackers. Stuff that matters.

A comment on FICO to incorporate buy-now-pay-later loans into credit scores. Parent comment

Re:FICO to incorporate buy-now-pay-later loans into credit s... by api on Tuesday June 24, 2025 @06:17AM (#44364577)
That's not technically a business, it is a business, and it can be a tough time consuming one. I've known more than one person who sold their investment properties because they were tired of being a landlord, which is a job.

Not saying it can't work. It can. But it's a business and a job/sidehustle not magic free money.

[ Parent | on HN ]
Re:FICO to incorporate buy-now-pay-later loans into credit s... by john01dav on Thursday July 03, 2025 @09:15AM (#44454726)
If you hire a trusted property manager and have a trusted list of contractors to do all of your maintenance, it can be quite passive. Of course, you have to build these trusted relationships first, but I consider that to be part of the initial cost of the investment similar to working to obtain the money to buy the property (or make a down payment).
[ Parent | on HN ]