Summer is here, but that doesn't mean it's time to take your foot off the gas! Foreclosures continue to track at an all time high, and as a result, new opportunities for attentive investors emerge literally ever day.

Part of the equation of course, is credit - a critical piece of the investment puzzle. This month, we take a look at how credit and credit scores work, and as importantly, what you need to know to ensure that the system works in your favor.

We kick things off with an informative article from regular monthly contributor Debbie Siegel, a street-savvy mortgage broker and president of Newton, MA Westchester Mortgage. In, "4 Things You Probably Don't Know About Credit," Debbie takes us behind-the-scenes, for a view at what really goes into the decisions to grant credit to real estate investors.

Next, we bring you a topic that's on everyone's mind during the summer... rental properties. As Joan Talmadge, co-owner of the website WeNeedaVacation.com explains, renting a property is a first-rate way to build equity and generate positive cash flow, provided you understand (and apply) some basic concepts. If you're thinking about taking this approach, her article, "Buying and Renting a Vacation Home... Tips for Making it Work," is a must read.

For our Interview with The Expert segment, we return to the topic of credit, and bring you a discussion with credit expert, Marty Eerhart, Senior Loan officer with Assured Mortgage. Specifically, Marty offers insights regarding credit problems, and what can be done to fix them. Whether this applies to you or not, you'll no doubt learn some things you didn't know about how the credit bureaus view your past history.

This Article is an excerpt from the 16 Page Print Edition!

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