Got $100k business line of credit with 710 credit score to buy some more properties.Do you think it is better idea to buy a rental house (worth $70k) with the credit card paying all?

@Haley ElisabethYou are not missing anything but there is what I would call good debt and bad debt.For example if I buy a property cash, rehab it and it has a $300,000 value and can be used as a rental and provide cash flow - getting a $150k loan on that asset to buy another (not blow it on toys) say $300k asset I have 2x future appreciation than one asset.

Andit's easy to see why: selling a 500k home to a family requires much less skill than than buying a good flip or rental property - for much less money and commission. 

I set up a rental management account on Zillow last night.

Since that home is in my personal name, can I write off the losses as a “rental” which it’s intended to be but not quite yet? 

Hi Folks,I'm starting out with some rental properties in Wenatchee Washington.

@Joan LiuWhat you describe is often the pitch of someone doing rental arbitrage.  

I came across rental property investing through Robert Kiyosaki's books and I am currently reading The Book On Rental Property Investing by Brandon Turner.

.- Management Fees: 2% of gross rental income annually.- Acquisition Fee: 2% of the purchase price.- Disposition Fee: 1% of the sale price.Option 2: Debt Financing with Equity Upside- Target Properties: Single-family homes, multifamily properties, and land for development in prime locations.- Interest Rate: 6% interest only for a term of 5 to 10 years- Prepayment Penalty: 2% if the loan is paid within the first 3 years- Equity Upside: Investor receives 30% equity of the appreciationWhich option do you think is more attractive and why?

I want to get an equity line of credit on my rental but I believe I just got scammed by Crowne Lending Services.