If your income (not mine unfortunately) is $2 billion and your debt is $2 million.... shouldn't that BOOST your score?

Ultimately, his labor bid for those tasks came in at 30% below my estimates (about $2000 less), so we already have a savings over the estimate I originally prepared.Here is the side by side list of tasks the contractor bid, along with my original estimates for the what.Based on this, it appears that our total budget could end up being closer to $15K than to $18K, which from a cash-on-cash standpoint, should give us a nice little boost in returns.

. :-)-Scores range from 300 to 850-Your credit score: 771--Key factors that adversely affected your credit score-Too many inquiries last 12 months-Too many accounts with balances-Length of time revolving accounts have been establishedSo the moral of this story is if you're buying a bunch of houses, you probably aren't going to qualify.

This just reaffirmed all the effort and gave me a good boost to keep at it :)

I guess the moral is also to be sure that there is enough demand in the area that you're developing in.

To restate a post form a different thread, you can sometimes get as big a boost (or bigger) to you effective monthly cash flow by paying off debt you already have like car or student loans.  

That would seem pretty reasonable as an offer to him with that explanation.Now turn around and assume you put in the 15k in rehab and boost the rents to 3k.Your investment would be 85k and your profits would be 1100/mo or 13k.

And just walking away from your earnest money if the home does not appreciate by the time it closes seems morally wrong imho.

Hey Guys,

So I am really ready to start amping up the marketing to start finding more leads. I'm very excited for this; however, I have a feeling in my gut that questions the integrity of wholesaling and want to know...

Just stay true to your moral compass.