I also use business lines of credit from banks, but for this banks definitely want to see revenue (usually 5-10x the amount of a mine they will give you).It is important to remember though that just because these lines and CCs are not immediately reported on your personal credit report, if you miss payments or default you are personally liable and the debtors will add it to your personal credit report.

However it is important to remember to make sure you have a plan to pay that loan down and not allow that credit card debt to climb back up.

Attention to detail is important in this business.

This makes sense, especially regarding the impact of rate increases on BRRRR and the importance of pivoting strategies.

Your understanding is generally correct, but it's important to distinguish between assignment (where the wholesaler doesn't own the property) and double closing (where the wholesaler temporarily takes ownership of the property).

Agree with Jonathan and Jake -- timing is just as important. 

The importance of grasping real estate principles, finance, and law cannot be overstated but often are ignored because someone spent a weekend at a seminar.

@Sino U.I would save more money or look into a DSCR loan.Where is important.

More importantly, figure out how to significantly increase active income.

It seems like an important service & a win/win for tenants/owners. 🤔🤔 I’m assuming it can be done OOS?