I say that's a myth and a statistical outlier.  

Would you rather use your capital to build out and maximize your investment, or continue purchasing other investments (go horizontal with more properties), and then in the future, enhance your portfolio by building new bedrooms in basements and attics?

@Dean, Thank you, for taking the time to respond to my post and I will for sure add your comments to my things to know.

Like everyone has mentioned, it is an urban myth that there are laws which state earnest money is required for a real estate transaction.However, there are some states that have laws on how the earnest money (if there is any) should be handled or held in escrow.

In my opinion, the entire Birddog issue is as much a myth as Bigoot and the Loch Ness Monster!

Being on BP has really enhanced and leveraged the contacts, education etc without costing a fortune that most of the guru's charge.

We are dedicated to educating our members, teaching and learning how to better invest in real estate to enhance our community.

By Aaron Krolik on June 18th, 2013Posted in Leases, Rental Agreements, Security DepositsThe Security Deposit and Last Month’s Rent Myth – Exposed!

(I'm brand new, so not savy with th Mls settings then. and started to do my "thing")Me: this property is in war zone....He: I know......it's fineMe: condition????

Practice doing calculations on potential properties as they come on the market to enhance not only your understanding of REI in your area but also to develop an idea of what a great deal looks like.