Again, the best way to have secured lines is not through a secured credit card that can fund itself, but a loan to be repaid over time, amortized, that is secured by an asset, like a CD as the CD does not make payments for you.The whole things is about seeing how people manage money over time, paying as agreed, where they must make the effort to make the payment, not an arrangement where, if they fail to pay the payment is deducted from an account, there is no money management activity there, shows little effort.Secured credit lines are most important to secured lenders, the guy at the Rent To Own store is more interested in how customers pay revolving debt, past rent to own accounts than thier home loan.

I think it's much smarter to play the long game and make your goal to pay off the properties as fast as possible with the intent to hold them indefinitely.

With the market crash a couple years ago, it became evident that investing for appreciation was a risky game, and a lot of new investors are deciding to focus on the less risky aspects of investing -- positive cash flow.2.

a small minority get rich in real estate through pure tenacity and luck, vast majority that are able to 'make it big' already has strong foundations (i.e. capital).If you're already gotten as far as med school, the smart thing is to finish it, get a real job, then use the high income to leverage low interest debts for investment.Jumping ship this late in the career game from a high trajectory track to something like real estate with no experience or other foundation is a calamity in the making.

And what's the game plan with it?

Then I'm usually back home to finish some administrative details, exercise in between and then off to city hall or county recorder's office (only one, the WORST one in customer service, isn't online - the other 3 that I use are all online).

So I'd look at how your 401k can compliment your total investment portfolio, including real estate, and structure your investments so that it makes sense for your end game scenario.

Given your example you would lend a maximum amount of $16,100. of the purchase price. (23,000) You want the rehabber to have skin in the game.

There is a procedure and form that the customer has to fill out and submit with their Money Order stub.

OTH, a servicer who is registered and conducting business with no skin in the game will be viewed as giving testimony that is unimpeachable compared to an individual note holder.