I don't have very good credit, but recently I sold my house and have a little over 200k in the bank. 

A real fixer in an area like that might be cheap enough for you to buy in cash and then use whatever short term credit lines you have available to complete the rehab.

Keep in mind in my case I have an 800 credit score, two rentals, and a primary home if that changes anything from the banks point of view.

She had poor screening to allow the previous tenants to rent it and then she returned the deposit to tenants whom damaged her property.

you can, you would have to pay back the mortgage company the money that was borrowed. reverse mortgage is a lien on the property for the money that was used. almost like a home equity line of credit.

Nonetheless, it looks like I used poor choice of words and it will not happen again.Thanks again and I look forward to connecting with you someday and also participate positively in your fine marketplace.Vinny Lopes

To do well in real estate you need money, credit and a good team (agent, property manager, contractor etc)

I also am working with Sam Sharpe on the loan side, but I had to put 20% down (my credit score wasn't great, so maybe your situation might be different).

However, I see many investors use credit cards as their emergency funds, but spread across enough time you WILL have an emergency and therefore you WILL use your credit card.

Hi all, I was reading different ways of financing, I heard the podcast with david horn I believe and was wondering if people still bought properties with credit cards.