We simply fill out a web form for each property as we acquire and dispose of them.

Had it appreciated, you'd be okay... more than likely you're currently upside down on your mortgage.Something to look into is simply going conventional on your next home maybe, putting a 20% down payment in?

Well I wish you would have posted here BEFORE closing them out.Length of credit history in good standing DOES affect your credit scores.If you have other credit that has a long history it shouldn't affect you that much.If however closing the 3 credit cards with 7 years of history you know only have a few credit lines with only 1 year or 2 of being open that is not great.In the end it shouldn't hurt you too much.When they made the new credit card rules last year or was it the year before credit card companies raised interest rates and annual fees from no fees.So what happened is the great credit people lost benefits because Obama wanted people with bad credit to not be taken advantage of.The credit companies simply restructured to make the same money.So A law passed that had good intentions but was misguided.The government believes when they pass a law people or companies will just take the loss but it never happens.So in the end these laws are just spinning wheels and not doing anything.I know many people who have closed their accounts once interest rates go up or annual fees are imposed.The downside is people want to maintain credit but some credit companies have been closing accounts if you don't use enough and they make a certain amount of interest off of you.It is getting rediculuos.

If for some reason I cannot get the utilities on, I simply let my offer do the talking (as I assume certain repair costs).

While I expected some variation, that amazed me.In looking further, here's what I found out... the lowest simply insured me for the appraised value (I told them $85k even though I was paying $72k)... the next insured at $100k stating that was their minimum... above that was a quote at $160k because that was their estimated replacement cost on the property... still another had an estimated replacement cost of $200k!

I have had an account/profile with Bigger Pockets for a while, yet I never took the time to completely setup my profile or simply seek the "How to Get Started on BiggerPockets.com" guide.Basically, I have always wanted to be involved with renting, flipping, DIYs, and nearly every avenue of real state investing, but I never had the money, resources, or guidance to do so.

Many of the properties he gets his hands on are through a combination of subject-to financing (simply taking over the payments from the previous owner and renting out the place to cover those payments, plus some), owner financing (old folks with lots of equity looking to retire/move out of the area) and master leases, where he doesn't even buy the property, but rents it from the owner then turns around and rents it for even more to somebody else.

Each lead a bird dog brings in should be in the same file as the sellers file and you can simply write the bird dogs name on the inside of the file.There are so many ways to keep track.

Simply what the market rents are for the set ups you have multiplied by the numbers of units in the building multiplied by 12 to get the yearly total.

I simply figured that because of the prorations and fees, etc., I had extra money to spend on the rehab.