I would surely use this towards buying a deal if I needed to and handle emergencies with a credit card if necessary.

If you can, put the remainder of the renovations on a smaller personal loan/ zero interest credit card/ etc.

Hey Jeff, we are at this very moment are about do a 100% heloc (primary) with our local credit union.

So we purchased for 130k with 5k seller credit, 27k rehab, and appraised for 175k.

be organized.Example:3 months goalEnroll in real estate class-network and meet at least 3 real estate related professionalsSave XXX dollars toward first purchaseWork on marketing strategy, and overall strategy (define markets, focus will be SFR, buy and hold with 150.00 cash flow etc) 6 month goal--pass real estate exam--Save xxx--Improve credit score from 675 to 745make these goals quantifiable and specific, in other words you can cross them off when you get them done.The plan won't be perfect buy it's a plan and you show you are executing on it. 

After all, it is a line of credit, not a mortgage.   

I'm sick of misleading seminars not really teaching people how to do anything but raise their credit card limits so they can charge them for more seminars.

If it raises my credit though, not sure I'd complain. 

I really appreciate any tips or wisdom you’ve got while working in the business.

Hello everyone I have a question I’m hoping you guys can help me with I plan on using HM for a Brrrr strategy after the property is fixed up and ready to be refinanced into a conventional loan what requirements do conventional banks require you have to refinance I understand I do need good credit which I have but do they look at Dti’s  besides good credit thanks for the feed back I would like answers for both conventional residential and commercial loans