However, DTI can be an issue, so depending on how you are funding the renovation, credit card balances will hinder. 

For example, any foreclosure of a home equity loan must be through judicial proceedings (court), and cannot proceed as a private foreclosure.All home equity loans are non-recourse loans, meaning that if the lender does not recover the full amount owed by the borrower through the foreclosure process, the borrower has no personal liability for the loan and cannot be sued for any remaining balance owed.Back to topConsiderations When Taking Out a Home Equity LoanHome equity loans can be a useful tool to allow a homeowner to obtain funds that are otherwise locked up in their home.

You may want to research now how the country taxes different types of investments(Equity, bonds, real estate, etc)That can tell you potentially what investments to have.The issue with potentially becoming a US citizen is that they will tax you on worldwide income.Therefore, if you get the citizenship and move out of the US, you may want to see if you would be exposed to US taxes, whether you will want to move back to the US and if you want to renounce your US citizenship.I agree that if you are not sure of living in the US, you may want to avoid doing items such as having a large balance in a retirement account that may be considered taxable by another country when you retire.Best of luck

I will balance this by purchasing hardware, light fixtures etc. on amazon.

Broke student had no money before the course, but now has a $5K - $10K credit card balance now after paying for high priced wholesaling and get rich quick education.- Obviously, student is not going to be buying a house anytime soon, much less making cash offers.

It’s not uncommon to feel like you’re overthinking it—finding the right balance between investment potential and family comfort can be tricky.Since both your current and future properties are in a growing area, focus on the overall market trends and the amenities the neighborhoods offer.

I've followed BP for a while now but I have finally started taking steps toward achieving my goals. 10 years ago I wish I had entered the industry, rather than going back to school for my degree in education.

I was interested in this topic as well, hopefully we can gain some insight to this.I'm wondering if you're able to achieve anything that would cash-flow as oppose to an appreciation/break even cottage play considering the short length of the rental season. 

Your current credit cards are always running promos for balance transfers.

Before buying any property - I recommend learning some basic accounting such as cash flow statement, balance sheet and P&L.