The Seller could also have liens outside of a mortgage, so the title report is your best security.2.

There's also the dedicated con artist who is only interested in trying to secure an upfront fee.

Sounds like you are dealing with a greedy banker that would provide a loan for an investment property and also want to have it secured with your residence.

If you want to grow your portfolio it might be harder to pay off properties quickly unless you have lots of income or are liquidating other assets.Most investors on here advocate using small down payments and securing 30 year mortgages and not prepaying them.

Just wanted to throw this idea out there.

I just need their bank routing and account numbers for their checking account (as on their security deposit check).

My main questions include how exactly to go about securing financing when you have poor credit/ no working capital.

Once again, it reminds me of the internet boom days where people were bragging about how much money everyone was making by throwing a dart at the stock listings, and we know how that turned out.

Now it turns out the ambassador in Libya had requested some security several times, even a plane to be available to evacuate them, and were refused the help by the State Dept.

But the security, lower fire risks, ability to survive weather (so long as it's not in a low lying area, LOL) and lower utility costs is a big plus!