I am seeing more and more people leveraged out of their arse with zero reserves...or better yet they think a HELOC or a CC is a real reserve and that it can't be frozen.

cc: @James Hamling So today is very interesting.

I was able to cover holding cost during the process with the rental, while I pulled permits and saved for the ADU, also used Home Depot CC ( use with caution and work your numbers) but 36 months at 0% APR is a deal!!

But I can tap into a 401k loan, 0% cc loans for a year up to 30k and a consumer line of credit for 25k from my credit union if needed.

I am a partner on a single story with CC that we just recently got our costs on and it was in the low $60's per sf.

Hi,I’m under contract on a very nice duplex in a c C class neighborhood.

I am currently using spreadsheets to track expenses and income but would like something more automated that also helps me asses each property’s performance each year; automatically integrate CC statements, bank statements etc.

You can't mix CC and auto loan debt with REI and think you'll survive long term.

good explanation of a TRUE Unsecured LOC  another words a signature loan like a CC. they are very difficult to get if your not a very experienced in the business have a commercial banker who likes you and trust you along with substantial deposit relationships.. 

So lets brake down HM with an Example: (we have our numbers of ... )PP 50Rehab 30ARV 110Interest .13%Pts .041st) Calculate Down PMT:                                 ______HAVE__ |__NEED_______Loan .65%(LTV) X ARV 110 = 71,500 | PP 50                                                      | Rehab 30                                                      | CC 3                                                      | Pts .04 X Loan 71,500 = 2,860                                                      | Ins 600                                                      | Survey 383                                                      | Mis+Fees 1,000                                 ------------------------------------                                         71,500   |   87,843NEED - HAVE = Est Down PMT87,843 - 71,500 = 16,343 2nd)        Cash_________________ VS___________________ HM:CASH                                  |                          Hard MoneySOLD 110                            | SOLD 110PP 50                                  |  Loan 71,500                 Rehab 30                             | Interest .13% X Loan 71,500=9,295/12=774X4mo's=3,098CC 3                                    | REcom 6.6REcom .06% of ARV = 6.6    | Down PMT 16,190------------------------------------------------------------------------PROFIT   20,400                   |  12,612Difference:CASH - HM = Savings20,400 - 12,612 = 7,788Profit Margins:Cash                                              |    Hard Money20,400 / 83,000[PP+Rehab+CC]        |     12,612 / 16,190 DownPMT= 24%                                            |      = 77%                                                      |So you can buy 1 house and get        |    Or you can Buy 110/16,190=6.7 so 6 houses20,4000                                          |    6 X 12,612 = 75,672                                                      |This is just an example JUST an EXAMPLE