To accelerate your real estate portfolio growth, leverage equity through Home Equity Lines of Credit (HELOCs) and cash-out refinancing.

If they fill out the application and the first thing you see is that they have 17 pets, you can immediately deny them without wasting time checking landlord references, running a credit/criminal background, etc.

Maintain a good credit score, budget, and stay informed about market trends.

However, I do have a low credit score.

Asking for POF (lender pre-approval, bank statement, line of credit etc) for a property like you have is perfectly normal. 

For example, drop the price to $1,500 but require a credit score of 700+ and a double deposit.

Thanks in advance,DavidDavidThe home equity line of credit can be assumed -- it is cancelled with the bank at closing so no further funds can be obtained.It is common and same as assuming a non-heloc mortgage.Alan

My recent research indicates small claims courts judgements no longer show on someone’s credit report.

Luckily I had lines of credit and private lenders I could tap into.

Quote from @Rafael Ramos: I would focus on a newer build in a nicer market with a proven history of appreciation.