I'm not a mortgage underwriter, but as I understand it the problem with closing out a line of credit just before applying for a home loan is that you have to prove it was you (not the institution that issued the credit) who closed it.In the grand scheme of getting a home loan, given the masses of documentation you have to provide, a letter of explanation and proof that you paid the loan off is kind of trifling.

I am a beginner and still don't know how much money you can loose or gain in this real estate worldI think now I understand that the question should have been 'How to make 10k to 13k grand on rents' in next 10 years.

Much like they have in phase 1.They bill me per stage, so in that sense I assume that the SD stage took 2 drawings and a few phone calls and there goes 7 grand.

Conway National Bank's Ricky Cox in Surfside Beach, SC is known by many to be one of the best commerical lenders on the Grand Strand.

Conway National Bank's Ricky Cox in Surfside Beach, SC is known by many to be one of the best commerical lenders on the Grand Strand.

I have several cases where I’ve been burned for more than a couple grand and am looking to recover as much as possibleThanks,Ryan

These property owners were hesitant to file BK because they have grand plans to once again in the future BUY another home and did not want the effects of the BK filing to haunt them Q- If one files an Emergency Bankruptcy Filing - I assume they can later on CHANGE their mind and NOT follow thru with the Bankruptcy ?

@Zahra Fathollahi you should be looking in Casa Grande, AZ. 

He can’t get my name right, he thinks it only needs 5 grand to start renting it, he’s 68 and was a career land(slum?)

This adds up in the grand scheme. 5) Building credibility as an investor: Getting started sooner rather than later will allow you to build credibility as an investor.