In other words, even if a wholesale deal in my area even within the 65%ARV less rehab costs criteria, I would not have enough money to acquire and do the work using only the credit line.My question is 2 fold:1) Can I use the business line of credit as a down payment, then get a conventional mortgage like a 203K FHA to purchase and rehab the property. 2) Can I refi out to pay the loan if there is enough equity built into the property when the rehab is done.Not really sure whats an effective way to use this line of credit, if all the wholesale properties in my areas are priced in the 150k range.

I'll need that address in case stuff hits the fan :)

Them effectively owning that market does drive up the prices in other ranges.

Very diverse paths but inspiring and effective!

I'm new to real estate and am working through my initial education phase.My first goal is to purchase 5 rental properties because I love recurring income and believe that this strategy is best suited for my goals and personality.I'm still a ways off from going through my first deal, but as I prepare, I have a question about financing that I think I need to start addressing now...I freelance for a living and I think that this may make it more difficult for me to get a loan since I don't have a "stable income."

However; don't list specifics, like your address, etc.

I don't see how it can be a problem because it's two separate closings and one doesn't effect the other.

Funny thing is the Assessor has no idea it exists and it has two addresses that the townships can't identify.

To address the question, do loan brokers make more money than real estate agents right now.

Good morning Fellow Landlords,It's the last Friday of the month so I (or my property managers) will be placing Self Addressed Stamped Envelopes under the doors of our rental units.You've got to take into consideration that sometimes our Busy Tenants may forget the day of the month, our addresses or stamps.I'll do anything I can, do to help them!