My contact says that if I submit a bid for 70% or 80% of the asking price my chances are slim of getting it awarded.

Many years ago I sat down and took an evaluation of my life and this is what I came up with:I worked hardI made money for my employersI had nothing to show for my efforts but employer awards and a paycheck that kept me struggling to survive every week.Taking this into account I asked myself why have I allowed myself to be in this trap and what can I do to turn this around in my favor?

I would like to use my 401k and workers compensation awards as my initial investment, and start generating passive income which would be reinvested back into the business to acquire additional homes.  

And while this post is not to debate the whether the buy and hold is the best strategy for creating long-term wealth, I would love to know....What property in your portfolio wins the "Longest Buy and Hold Award"? 

For the tenant to be awarded damages, he must show "damages".

Congrats, Curt.It looks like 39 members have reached the 1,000 post plateau.http://www.biggerpockets.com/awards/1000_posts/detail

Please see my photo damages of what some of my tenants had left me as a gift called "Damages" on this site.A Judge will never award you a Judgment for such a clean up. 

You can click on the ‘vote’ button if you like someone's post or is helpful, and there are ‘awards’ to earn on your profile.

You can click on the 'vote' button if you like someone's post or is helpful, and there are 'awards' to earn on your profile.

You can click on the 'vote' button if you like someone's post or is helpful, and there are 'awards' to earn on your profile.