I figured i could use for the credit card to assist in rehab in addition to what a hard money lender would require.

Would like to hear what others have done.I live in CaliforniaThanks in advanceAnthony First you should figure out if you even need an LLC.

We only have a house or two, we say.And just because we got away with not having a professional layout when we received a mortgage for our first rental or even second rental, we think it's okay just to present a mortgage company, bank or hard money lender, just some figures written down on a piece of paper or on an Excel Spread Sheet.But what happens when the time comes when you want to really expand?

I reckon someone's been fudging some figures!

When this is measured and compared accordingly this can be become a six figure matter of difference.  

I had more than on contractor borrower of mine that finally figured that out got enough equity from relatives and now they are doing quite well and no way we can compete with them.but you start moving up north of 750k to purchase and unless your in the Bay area or prime LA  that does knock out a lot of competitionand you also have to remember this poster is paying CASH  HUGE difference as she has no cost of capital most of us need to borrow and if your borrowing HM which 95% have to as banks really don't service this niche ... her carrying cost ona say 700k project would eat up 20 to 30k EASY.. 

I figured this is what you meant, but just wanted to make things clear for everyone.

I'm not sure how many of my buyers would go for vacant lots so I figure it has to be a smoking deal to wholesale.  

You just have to figure out how to leverage it and to use your 700 horsepower personality in a profitable way.

He believes in solid companies like power, steel, etc, companies with a history of profitability and reserves in the ground figuratively or literally, depending on the industry.