Might not be a bad idea to look into building corporate credit as well which doesn’t require a personal guarantee.

I know what I think .. first off any Lender out of Vegas MUST be Licensed by the state and NMLS registered other wise they are illegal .. so run his name on the  NMLS data base simply google it and put his name in.. here are things to look out for.1. rates to good to be true.. especially for someone who is beginning. 2. just like what you said  too easy to approve u 3. bad grammar4. all approved just need 500.00  for app fee then suck more money out of u then go dark

It is in pretty bad condition (I can post pictures)- he said it would need around 30-40k in rehabs.

The bad news is, 95% of people don't have a brake to bend it up as needed.

. $20k in reno to add another room is a pretty bad ROI - I'd rather take on a full rehab with a higher ROI, likely.

It is a bad investment/choice as a rental income property.

Also, how bad is the credit?

Hello BP was wondering if anyone in the Stockton area know any good contractor's its my first flip hoping nothing goes wrong I finally feel ready but still shaky I have to take the leap I don't want to find a bad or lazy contractor  any help will be appreciated

In preparation for the bad times, I like to have good cash flowing properties that I would have no problem lowing the rents if needed.  

The deal went bad when she couldn’t get a mortgage, and she lost the down payment.Ms.