Pay off your old debt and reduce your current debt to improve your credit.

Real income for the bottom 90% has been stagnant for forty years, and has declined since 1999.he only way to keep consumption rising when incomes are stagnant is to boost the borrowing power (i.e. collateral and creditworthiness) of households by inflating asset bubbles that create temporary (i.e. phantom) collateral and by lowering interest rates so the stagnant income can support more debt.This is why the Federal Reserve and the other agencies of the Central State have been reduced to blowing serial assets bubbles: there is no other way to keep a consumption-based economy from imploding.But "prosperity" based on serial asset bubbles and near-zero interest rates is neither real nor sustainable: real prosperity is based on rising real incomes, not debt leveraged on phantom collateral.Read More

Tenants rarely change the filters, which reduces the life of the unit.

Documents need to be under the concept of dual control or limited access in verifying aspects, you keep the borrower out of the physical control of documents to eliminate or reduce fraud or misinformation. :)

it was appraised to be at $161 so it must have been a bad appraisal, i think they have just reduced the price to 129 (which is what they owe) due to the fact they are motivated and the property has been on mls for 90 days.

The kids have now grown and gone, and the place was just too big for her, and she couldn't afford it with the subsidy that was reduced once the kids left.We had a LOT of rehab to do after she moved out.

They couldn't find anything suitable in their local listings and were looking at the same metro CL listings for rural properties.We would gladly have paid  2 months rent to any professional who could have placed a tenant and we even let a local PM have a six month shot at it with no results.I would discuss the possibility of full commission to the agent if they find the tenant through their own marketing or MLS and a reduced commission if you find one.  

Okay late night update:Numbers still workGot the HVAC cost way downGot the Roofing cost way downgot the potential framing numbers inline found several supply houses to get products interior products at a reduced costFound enough 1" hex tiles at Habitat for Humanity to do one of the bathroom floors for a 85% discount!

I've known a couple of these investor/realtors in the past that have sold me properties, and in a couple cases I have watched these guys liquidate their own holdings as old age approached...their properties tended to be sold in bulk at very fair prices.

The idea is to pay them all off in a few years then start buying more with cash.If you always buy more and never reduce debt then any economic downturn becomes very stressful.