Posted by batpro on May 17, 2007 at 09:06:42:
With your credit score, I am sure you are getting many credit card offers. Accept credit cards from Chase, Discover, Bank of America, or Washington Mutual. These banks will give you higher credit lines then others. Buy things on them but make sure you can pay them off right away. You often get free or 0% balance transfer offers when you open one so keep transferring the balance between cards, then after 6 months ask for a credit line increase. You could have upwards of a $25,000 credit line in just a short period of time. I purchased 3 fixer upper homes last year with my credit cards then refinanced them within 6 months after I fixed them up. I’m expecting to make $25,000-$35,000 per house. In fact the second one this week I just refinanced it with a no cost equity loan which I am using to buy a 4th house. All properties purchased with no out of pocket cash.