I advise that to many people I help get started with If you can't, you are most likely stuck on the sidelines until you save up 25%.Bruce I currently own and live in my own house, 5k in bank and 10k on cc available.

The credit issues were some cc late payments due to being out of work with illness for an extended period and being unable to stay ontop of payments.

All the properties I'm looking have equity in it already and I would be able to make a nice profit if I just paid the amount owned +CC.

If you mail to PR, cc to heirs at the bottom of your introduction letter.

6K is quite high for CC.

Ty D,I like your approach of using your LOC and CC in conjunction to buy and fix/flip/rent properties.

I had worked hard to have no CC debt at the time, so I took the advantage of those 'checks' bought my first duplex on my credit card (no doubt everyone has an opinion on this).When I first bought the property, they grossed $950/month.

If your credit is so bad your bank won't give you a CC or LOC, try Capital One or MBNA.

I continue to see pop up periodic topics regarding using CC's to pay for home purchases (yes I know... not a great idea).

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