My grandmother always said "Don't count your chickens before they hatch".

You aren't lying by saying you're the manager - sometimes too much information can lead to problems.

Contractors, sellers, buyers, tenants; they'll all lie/hide/fudge the truth.

Perhaps that is where the 'obvious' lies, you have negative equity.

I know Real Estate but my knowledge for the most part lies within the wholesale arena.

,Most banks want you to have skin in the deal, and most will ask you is the down payment borrowed money, and you don't want to lie that is consider mortgage fraud.

It seems like I am losing houses because of investors lying to HUD and bidding as a owner occ. before the 10 day grace period is actually open to investors.I know this happened recently because I spoke with the winning bidder as I'm rehabbing the property next door.So I ask this question.Am I foolish for being ethical and waiting out the 10 days ?

It's hard for me to lie because i have always been an honest person, however I don't want to keep losing out either.

However, the money just isn't enough and I want a means to live rent & bill free on the dime of rental properties and saved "flipped" profits.As for me, I'm a gardener with chickens and a small collection of organic plants.

Hello everyone, I am hoping to get some feed back on a rental property I am about to purchase.Purchase price: $7,000.00Taxes: $975Repairs: $28-$35k (depending on how much work I personally do, it could be substantially less)Rents: $800-$900 / monthI am not going to lie, this is not in a highly desired part of town.