A friend of mine bought Fortune Builders and because she maxed out her credit cards buying into the program they denied her funding.

Are anybody still doing second liens or a line of credit on investment properties?

They currently have under $1M in leverage on the assets but are looking to get a line of credit / portfolio loan to encumber these properties or other properties they acquire.

Buy them well so you can refinance out the downpayment with a Home Equity Line of Credit with lenders that will do that for you and go shopping again.

I've got great credit and a healthy amount of capital compared the loan amount.

I always thought I needed tons of cash or perfect credit to get started.

I used Hanscom credit union, which I hear a decent amount from other investors in MA.

Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.

We don't accept letters from three years ago or some quack on the phone with a credit card reader.

What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?