re: Real Estate Investing......... New update pg 7

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Used most of the cash from the last flip to completely pay back our LOC and now at a $0 balance.

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yeah i just got a unsecured LOC from my local bank the other day. I wasn't locking up my money in checking into CD's just to please the bank. I didn't get the full amount that i asked for but it will do for now.

I'm getting some public record crap straight with IRS now on my credit report. I'm looking at a SFH buy and hold with a COC return of right at 20%. monthly positive cashflow is unreal after a 25% down payment. traditional financing. I've got two different traditional lenders i use but may be looking at the third due to the commercial lending aspect. They do not care about my credit (even though it is excellent). they look at the deal itself. I've still got private financiers if need be but that will be for later on when needed most. those tweener properties that are a little too much for a cash buy and not worth traditional financing are good to finance privately. put your 50% down @ 8% or 10% for 10 years. may not be much cashflow but you can get those paid off fairly quickly. Or if you just run out of fannie mae backed mortages. then you have no choice but to go other routes.