To utilize cap rates in your favor, you have to really understand cap rates and the market in which you wish to invest.

If you have no revolving debt you need to add a credit card or two, but if you have a few adding more probably won't help your score alot other than by lowering your utilization, the total percentage of available credit being used.

This is all just an extension of the whole bailout mentality.

Mike, Turning one property into a loser to buy another that will have a positive cash flow doesn't make any sense yes, but keeping in mind that an investors goal is to grow their portfolio, The equity base in one piece of property (the 200k ARV) could in fact give him the power to leverage more properties that have higher individual NOI's, utilizing that properties equity base makes it a winner, not a loser.

Another question is whether you pay any of the utilities.

But..there are no extensions if you do not close on time Sincerely John Lee

Might not be the one you want, but I will take a shot at it.Now that you are in this situation, lets see how we can help.You should try and go back to the HML and ask them for an extension because of the circumstances and situation.Find a family member or friend who will be will to loan you the money with EXTREME stipulations.Also go back to your dad and explain to help truthfully what you have done and see if together you and him can put your heads together and come up with something.

I think what may be missing from public records, title companies and such are APIs developers can utilize to build the mash up.

Most of the time some or all of the utilities will be shut off, which eliminates half of the inspection right there.

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