So I can call customer service and in 3 minutes get a complete verbal date down on the phone.. it helps in real time when your working foreclosure stuff.Also any agent can call customer service and get copy of last recorded deed the tax info zoning etc.. sent over in a matter of minutes... out east when its kind of backwards form what I have experienced were you open an order and they don't order title to the end as you have to actually pay an abstractor to go to the courthouse I guess and physically pull data... so this leads to title issues at the end of the transaction were out here we have title within as I said 72 hours max of opening the order so you know up front if you have an issue and you have the whole contract period to work on it if need be.

@Nick StangoWell in most markets I work if your going to do plumbing or electrical and or pull permits you do need a license to do that.

I absolutely do not want to discourage you from investing as I feel that it is likely THE most incredible source of wealth building, but you need to know the ins and outs as much as possible to keep from losing your shirt on a deal (or being caught with no money in the bank in the event something unfortunate comes up for you or your family).As for HELOC, I don't really have any experience with this, but I generally stay away from things that pull my personal assets under the gun should a deal go bad.

You could have them pull their own credit report for free from creditkarma.com.  

Its a lot of work for the agent, but we use him so much and he gets a lot of commissions from us that he knows we are worth it.If you are earnestly looking to buy and you know you will pull the trigger if you find the right deal a good agent will understand and not get frustrated.

I would like to hear not only what the seasoned veterans have to say about this topic along with their stories, but also the wannabe investors who can't seem to pull the trigger and or did pull the trigger too soon.

I have been wanting to get my Broker's License for a long time but I have yet to pull the trigger.  

I didn't do a good enough job pulling out motivation on the phone.I now prefer to send post cards with a message that qualifies more leads.  

My tenant is lawyered up so I need to make sure there's no tricks or traps the tenant can pull when I do not renew his lease.The tenant signed a one year lease where it stated it would end on a specific date.

If a hold, what are your payments per month for the amount you are pulling out of the LOC...and how will that affect your cash flow?