Go back to a 9 to 5 job so you have income and a better credit score.

Has anyone ever gotten a line of credit or equity line on a rehabbed home after renting it.

A bank can fund the deal if the numbers stack up and your credit is solid.

And now he's asking for credit report and 1003.

Plus I refer them to an amazing Mortgage Broker that will work with them to repair their credit and then buy the home at the end of the term.

The cut will cause banks to lower the prime rate which will lower payments on HELOCs, auto loans, variable rate credit cards and other consumption based financing but might have the opposite effect on mortgages.

Like people, LLC's (or any other company form) has to build up a credit history.

Credit is ok.. high 600's last I checked.. no negatives on the report at all.

Thankfully I have superb credit for my age, and he feels this would be a great opportunity to get going with things.Right now it is in foreclosure and we are going to do a bail out allowing the owners to still live there while we do upgrades.

the small local bank where im located at the lady said you can have up to 10 home loans.. there capped at 10.. problem being if you use smaller banks/cu's then they will prob have to be where the property is located, if its a small credit union in florida theyre not gonna want a rental prop in texas..