.$100,000 5 credit cards of $20k each 65,000 HELOC loan on the 4 unit 12,000 Funeral expenseWith this debt of $177,000 the numbers don't work.

Years ago I got a secured personal credit card to build my credit.

We paid off 12K in credit cards and had 8K left to put in the bank.

Without some of your own oney (could be from a line of credit or even credit cards), you will have a tough time finding money to do a fix and flip.

I mark myself as new; however, I have been learning about re investing for awhile now. 2 words of advice 1)when you go to a seminar (or an REI meeting), leave your credit card at home - do not buy until you have time to check the person out (even if they are being introduced at a club meeting, sometimes they are not what they seem)- they will probably have another seminar in your area soon enough if you want to buy 2)when you find a mentor and they are asking for $$$$, make sure you research them and find out what they have done recently - you may find out they do a whole lotta nothin but talk a good game.

How much would I need to pay down my credit cards to get this increase?

He immediately called me, and I drove 45 minutes to meet this woman.She wasn't emotionally ready to sell at that point, but we gave her our business card and told her to call us when she was ready, or if she just needed some help with any aspect of the house.

In our area, if you go to the post office and get a moving package, Lowes has a 10% off gift card in the package!!

I'd bet that the second HELOC was used to pay off the first HELOC, and then some credit cards, and then some other bills - at least that is more typical of what I have seen: Property is over-leveraged, and condition nowhere near to looking like what it would if the HELOC funds were actually used in imprioving the house.But maybe you're seeing one here that is an exception ...

Originally posted by Joel Owens:My philosophy is make more and work less.Wouldn't put that on my business card if i was you.