We all have different credit scores and one of my friends has a pretty low one (mainly due to personal stupidity).

If I am buying a house that I don't feel as comfortable with or that is bigger than I normally deal with then I factor in a higher profit margin for myself to protect myself from the risk.In my market I deal mainly with properties under $50K.

The main problem is you didn't come on here and ask for advice BEFORE you mortgaged your dad's shop to pay off personal debt.

My main purposes for joining is to ofcourse learn, as well as seek out investment opportunities.

I was mainly concerned about the time school would take away from learning REI but I guess If I really want this I need to find a way to make it all happen.

David has already given you all the points necessary to start talks with the bank...the main thing you need right now is to get that authorization letter over to BOA so that they'll actually talk to you.

Kristian, do you sell mainly retail or do you have what you consider to be wholesale offerings among your 660 listings?

It was another good year for Central Maine Web, LLC.

In fact, we spent way too many years 'learning' about RE and not 'doing' RE... but that is neither here nor there, just part of our process... what matters is that we're taking action now...I hope some day to have a more stable platform in our RE investments to jump in and learn stocks better... but for now our main goal is survival (see our profile for our goals), not enough margin for error to make mistakes in the market.

One of our main problems is that Fannie Mae owns a ton of homes!