I have come across a company that I found on graiglist called The Funding Group based out of Jacksonville Florida they help you get lines of credit using credit cards you have to have 650 credit score or better I filled out the form and they told me they could get me 100,000 in lines of credit They said this is a better way to flip houses than using hard money They charge 10% on what ever they can get you this is a one time fee .

I decided to go down the road of agent to help overcome a great recession credit score and a lack of start up capital.

I heard it has an amazing walkability score and very green type demographics.

I cannot qualify for a conventional loan as my DTI is above the requirements even though my credit score is >800 and I don't have 20%-30% to invest.

Say you score a property for 50k (40k loan), put in 20k of work, it rents for 1000/mo and has an ARV of 120k.

So tell me is it possible to become a successful REI if you have no money and a credit score that leaves much to be desired?

Personal credit score is not the best so conventional financing will not work.

I have decent credit, but it's only from paying off credit cards (no debt) and my car loan on time - and I'm not sure if the source of my credit is considered more than the score itself.If I go to my community bank with a well-drawn out business plan and proof of my considerable assets, will I be able to get a mortgage on a property in the range described above, 200-300k, if I am able to put down the 20%?

We believe that people can read between the lines on someone coming to defend or represent their point of view.That said, we also believe that open discourse -- even disagreements on the value of a product/service/etc. is incredibly valuable.

Your LTV will be 75% for 1 unit properties and 70% for 2-4 unit properies so you will need to have adequate cash available for the down payment and closing cost plus reserves and a minimum credit score of 720.