I'm also in Bettendorf and run an accounting firm that specializes in Real Estate consulting and compliance and also a property management company that specializes in single family and small multi-family properties.

I have a savings sub-account at my credit union where I park leftovers for house stuff.

Report to a credit agency?

I really feel like my story just shows that you can do this coming from nothing; I don't think I had any special skills with RE (who else loses 100k to start?)

My credit is excellent and my payment history is 100% never missed a payment in my life.

(Had to make special arrangements for them to accept a cashiers check with escrow acct info on check and got deposit slip from bank officer after verifying account with escrow company, I almost backed out of deal and it would have affected two other contingencies).I have other questions in regarding the escrow process which I found unprofessional .

It should be noted, the triplex has a 200k line of credit on it.

Consistent with direct mail and driving for dollars to vacant houses is great, specially here in OC.

We're aiming for around a 20% downpayment since we're so young and credit takes time to build.We're hoping to do the Cardone approach to investing with multifamily and buying 4-12 units at a time instead of buying single homes.

Tony,there is only handful of lenders specializing in non-recourse financing for retirement accounts.