Why would all 3 credit bureaus choose to use the same scoring module?

He owns a highly known Painting business in my town...

I find it interesting that many (but not all) of the really successful investors at my REI club are not full-time investors -- they choose to keep their "regular job."

My goal for 2007 is to brow beat my painter into fixing that awful spray paint job he did yesterday on my new rehabbed kitchen cabinets, finish the bathroom in the same house (at the stud level) and FSBO my 3/2 project by the spring market.

I understand there's more risk in going bigger, but there's already elevated risk either way by choosing to go farther or pay more closer.I don't know where most of you guys live but, it's my firm belief that certain cities have passed the threshold for new buyers to make positive cash flow (at 20% down payment or less).

So it may be mandatory for you to get both of those done, which you will come out of pocket for, but you can charge the buyer those cost on the HUD if you choose.

The basic numbers I see are usually:Purchase Price- price you pay for the propertySelling Price - amount you will sell the property for (not necessarily what you will list it for)Holding Costs- monthly payments, insurance, utilities, points paid upfrontRE Agent Commission - agent's commission on the sale of the property (commission on the purchase of the property is considered paid by the seller)Rehab costs - total expenses used in rehabbing the property from lawn, paint, permits, property inspection, contractors, supplies, etc.Profit - the amount you must make to take the dealIf you take the selling price and first subtract the purchase price, then subtract the expenses (holding costs, agent commission, rehab) you should have your Profit amount.

After all, whichever I choose, it's going to be a monthly payment that I will begin to have to cover.I am getting into the real estate business knowingly exposing myself to risk.

I also have a remodeling business , we do sheetrock , tile , paint - helps with my personal properties.

The only visible signs of up-dating are new carpet and freshly painted interior, nothing else has been done.