If his tic purchase is enough he can also tap into a "zero coupon" tic which in essence absorbs his debt all non-recourse. 

If the interest on the credit card is NOT zero%, you better off paying it off.Actually, it's beneficial to have few credit cards - let's say 5 of them with $12K limit will give you $60K.

I originally grew up in the DC/Maryland/Virginia area, but for the past two years, I have been working as a software developer in lower Manhattan.I have basically zero background in real estate, but I hope to learn a lot from this community -- enough for my wife and me to invest in one or more rental properties within the next two-to-three years that will give us a nicer return beyond our retirement mutual funds. 

Wellll my meeting was with Dohardmoney and they supposedly was going to give me $250k but I had to put $3495.00 down and no refund policy I didn't feel comfortable at all and he wanted a decision right then I told him I would call him back I got on BBB website and was horrified at the complaints.

I'd say that depends on your risk tolerance. 

Follow Jim’s techniques and you’ll be buying properties for zero down !

My income is Zero, yes I'm network marketing but it will take it's time surely.

If acceptable to the owners Bank/Mortgage company they may provide a cheaper policy in this situation.

When they say you can still by investment real estate with no money down, here is what they was talking about. (Well minus closing cost)View report*This link comes directly from our calculators, based...

Knowledge of the local market, and rehab costs, knowing what investors are looking for, a marketing budget, and a high tolerance for tire kickers.