They told me that it was only a 'soft inquiry', so it wouldn't matter.

The Cadet 3 flushes with a soft woosh and is done, as fast as a commercial tankless toilet.

Feather the nest but, don't make it to soft for renters. 

Work on getting the soft commitments, understanding the investor requirements and/or underwriting will make things run smoother when it's actually time to present your deal.  

hard money, soft money ,  JVs , it's all in how you define it. 

I know the market is a bit soft right now, but are you still optimistic about the area?

Per zoning code)Can be done as a carry back for the land purchase and all cash for the guest house construction.Market value once complete = $600k (similar home lots are going for $700k+ so this is a conservative estimate)Apply for a cash out conventional bank loan.Use the cash out to build the main house.Main House = $200k (3+BR/2.5BA - approx. 1,800 s.f.)Live in the main house and rent out the guest house for cash flow to help out with the mortgage payments)Build some equity, savings, and give some time for possible appreciation.Build a second main house = $150k (3BR/2BA) 1,500 s.f.Sell off 1/3 acre with second main house on it = $550kOriginal investment = $360k + $75 k + $200k + $150 k = $785kSelling of second main house = $550kResults in 2/3 acre with a 3+BR/2.5BA main house plus a income property for only $235kI know this is all big picture stuff and is not including loan fees, RE fees, and other soft costs.The reason the construction prices are low is that I am a architect/builder who will self GC the projects.I am looking for any feedback on this deal and possible problems that I am missing.I have not done a deal this big before and am looking for some experienced advice.Thank you for your time.Locus

What people need today more than anything else is a giant kick in the azz, to stop being entitled, to stop being so damn soft, panzy-azz and pathetic.

Some sellers will have you get under contract first, others will ask for a soft commitment or proof of funds, and others will only work with you if you have a buyers agent.  

First off, anyone who advocates biking the way he does has a soft spot in my heart.His basic message of frugality fits in with my way of thinking, although in some areas he seems a bit extreme.From a long term buy and hold perspective, the focus on cutting costs and watching and being conscious of your spending is a good thing to take to heart.