Under that, it gets very tough.If you plan on retaining/keeping any of the properties you pick up (whether using hard money or otherwise), I strongly recommend you start working with a lender now to see what can be done about your credit.

My current plan is make a conservative offer, pending financing so that I can get those 8 and have enough cash flow to pay my HELOC while not compromising the flip.

Plan carefully, and you’ll set yourself up for success!

Purchase price: $25,500 Cash invested: $10,000 Sale price: $69,900 Quick Fix & Flip.Property was completely deserted & the family was indecisive about their plans for the home after a recent passing.

Last resort and the most difficult-find a hard money lender, but come with a plan on how you are planning to make him/her obtain a profit.

Hi Silas.Do you plan to have a GC or handyman run the construction project?

Hello, I'm planning on applying to Chase and Wells Fargo for their business credit card products.

Either1) your startup takes off and you can distribute profit fast enough to pay off your debts, or2) you find another source of $100,000 a year (which barely even starts to pay down the $300k, but might provide a better chance for a better loan), or3) you BK and possibly lose the rental houses to creditors (hopefully not, but we don’t know how they are held), or 4) you sell the houses, take the tax hit, work with the IRS on a payment plan whose interest will be much lower than your CCs, and focus on the startup.  

However, good asset protection planning starts before one has significant assets to protect.  

I am looking at a 4 bed 2.5 bath property in Pfugerville, TX that I am planning to rent out as a co-living space (rent by the room on Padsplit).