Utilize your network, credit and equity and the ball will never stop.

Utilize your network, credit and equity and the ball will never stop.

Success requires cash and high credit to qualify for loans.

Because it is your credit on the line, you should designate the accountant/bookkeeper/servicer to collect rents and make payment to your mortgagee.

A few ways:- Find a lender who will lend what you need- Find a partner who will put in money in exchange for equity- Convince the seller to hold a note- Purchase with an option contract- Line of credit against another asset

Your best bet is probably going to be to look for smaller local banks or credit unions.

The only strategy I have seen so far, and I forget who provided it, was to try and clear as much debt as possible on single family homes and pre-qualify for HELOCs of other lines of credit to be able to start buying at the downside of the cycle.One person mentioned in a facebook group I am in, essentially, "don't worry about it, just hold everything tight and wait it out, it will correct itself."

My credit union is going to order an appraisal... what other upgrades will make the house appraise more (basically I’m looking for bang for the buck)?

He was open and honest and said that he had bad credit but I was shocked when the application came through and he has $40k in collections as recent as March 2018.

You can find commercial departments at local banks and credit unions as well.