Purchase Price 182kRehab 65kHolding Costs $3,800Closing Cost 13kSales Price 335KProfit $71,200(Being a Realtor I earned roughly $5,500 on the commission when purchasing and saved 3% on selling commission which is why cc is so low)

I'm talking about people who spend on luxury items and yet need to use credit card debt for even minor emergencies, in spite of making a strong income.Like relying on your CC and your Heloc for your reserve funds  :) 

CC Garland has a great video on "qualifying" zip codes. 

I didn't run away - I have some personal connection to the building collapse that happened in CC Philadelphia last week and by virtue of being linked to the unfortunate situation I did speak with an attorney about the agreement.

My goal right now is to pay off my C/C debt ($6,400) with an average $200 weekly income.

They are a good blend of solid tenant pools, lower (in the case of NJ) cost properties, and high rent rolls.Specific areas are:Winslow - In the areas the are turning around many properties pass the 1% rule and can provide stable tenants (Camden County)Glassboro - Rowan Uni all day (GC)Clementon - Good rent to price ratio and decent tenants (CC)Stockton Area - More university (AC)Folsom - Lower cost, good tenant pool (AC)Monroe Twp - Prices decreasing due to issues with school district, issue will be temporary (GC)

Now interested in 8 unit in C/C- that has already been renovated in Kansas City.

If you have the refi in the bag  then even using CC would work.. but make sure the refi is 100% you dont want to get stuck with worse rates than a HML would charge you.and yes 50k loans are very tough.. 

@Nicole Heasley does a $100k CC exist?

Thinking about their Heloc credit card specifically. They are saying it is faster process than traditional heloc and no appraisal needed. Any of you guys had experience with this company or the credit card heloc?https...