Check your credit and make sure it's as good as you can get it. 

Welp, as of this month, my account has been transferred to their new Credit Karma and it doesn't look the same and all my budgeting information is gone.

I was recently laid off and have accumulated about $20,000 in credit card debt, primarily from paying last year's property taxes and covering a few months of living expenses.

If you can take out lines of credit on other properties you own, I prefer that to going the hard money/private lender route, because it tends to be significantly cheaper.

If you had 50k in credit card debt for business startup costs (not real estate) with a 3-4-year plan to pay it off, high debt utilization in the meantime and a 620 credit score - but wanted to start investing in rental properties - what would you do with 20k that falls into your lap?

I have great credit, some money saved up and ready to start investing.

Hi Vincent, There are lenders that offer a DSCR product for an applicant that hasnt owned any real estate.How is your credit?

We started with $1MM of our own capital, and have since grown to about $25MM through raising private money and utilizing bank lines of credit.

Some local credit unions and banks can offer great terms in the 75%-80% LTV range.If you’d like, feel free to reach out directly, and I can share some connections that have worked well for me over the years.

I like to have lines of credit for optionality and many of these are IO