The rest was funded with credit lines and cash from first flipCondition of Home: Crack houseLots of trash to be removedPiss and crap all over the floors. 

In my day when I did this we called those hypothecations.. and our bank would routinely loan 50% of our UPB.. and the hypothecation was done through the collateral assignment to the bank.and then when we moved into HML we have nice size credit lines for this we made a new origination and the bank took the collateral assignment as to 56% of ARV or appraisal.. that's how most of us HML did it pre 08.it was great we borrowed from the bank at 6 or so and lent out at 15 to 20 and made the delta..you get big enough lines and its pretty cool business. 

If I let it go and get foreclosed on it, will that affect my personal credit ?

Currently i'm just working with one lender (i was referred to them by a few different people), but i'm hesitant to get quotes from other lenders because I don't want my credit dinged by too many inquiries.

Couple tips: up front fee; too low interest rate, do not need your credit report or collateral.

They persuaded me to enroll in their class starting from 20 thousands to 50 thousands dollars and to use a credit card to pay for it.

@Torrey McGrawWe usually pull the credit history up-front.  

I’ve been working on my credit and I don’t have good enough credit nor much capital but I don’t want to miss out on this deal.

Can I get an equity loan with bad credit?

I'm 21, and I'm just barely starting to build credit.