starting by just brokering loans is a good way to start in states that do not require a license.. raising capital from private investors to make loans is a long process And very difficult if you do not have a long track record or pedigree in the industry.. if someone is brand new they really need to go work for a lender first.. other wise IMHO the chance of success is very small.

If there is no motivation, then chances are there is no deal to be made.4.

A cash out refinance puts the cash into your bank and can be used as PITI reserves or as an asset.A Heloc becomes another trade line on credit which can potentially cause a higher DTI and lower your chances for future approvals.

There's a very good chance the issue(s) you face have already been discussed and answered.Ask questions in the appropriate forum.

There's a very good chance the issue(s) you face have already been discussed and answered.Ask questions in the appropriate forum.

If your market isn't as hot right now or if you don't have significant equity in the home, then chances are you may be better off submitting a contingent offer and relying on the market. 

@Piper WatsonPay down the credit cards as the chances of earning a return that is at a greater interest than the credit cards is very rare and risky.

It was a red flag but I decided to give the broker another chance and simply requested more transparency moving forward. 

I will have a chance to exercise my creative deal-making muscles early that will hopefully serve me well in the future.  

Using an MTR strategy will allow an earlier chance to start.2.