I have plans to buy my first home, but i dont want to just do it the traditional way, I would like to be able to buy something with as much discount as possible and be able to do some rehab, get immediate equity and live in it for a few years and then resell.

While you still need to have good credit to get approved, they’re not as strict as traditional checkbook credit lines.Additionally, this option doesn’t have a debt to income ratio requirement so small business owners can still qualify even if their income isn’t that high.

David Her IRA assuming it is traditional account can be rolled over.

Also, it's no easier to do an equity line than a traditional mortgage.

In this chart, you can compare the difference in equity after 10 years with our program versus a traditional mortgage.

As far as the reasons for not going with traditional debt, there are many reasons.

The good angel in me says we should wait to save the money for the rest of the redos and pay as we go, but the non-traditional/bad angel in me says just get a loan and get everything done.

At that time, the interest rates were comparable to traditional conventional investor loans (instead of 4.5% traditional, I was looking at ~5% with the Homepath renovation loan).

In Thomas Stanley most recent book, "Stop acting rich.... and start living like a real millionaire, says that the median price paid by millionaires for their most recent acquisition was only $31,367.

Rich Dad Poor DadRich Dads Cash Flow QuadrantRich Dads Increase your financial IQThe Real Book of Real EstateThe ABC’s of RE InvestingThe ABC’s of PMRich Dad RE Tax AdvantagesThe E-MythThe 4 Hour Work Weekhttp://flip2freedomacademy.com/ - free e-bookFlip2freedom episode 77 - podcast - LISTEN TO THIS TODAY!