We all know this, the key is using the resources you have to minimize that risk to a default.

“The problem for self-employed people is that they want to minimize their tax liability, but some of the ways they do so impact their ability to borrow,” he said.Comment anyone?

I'm old, but certainly not too old to be corrected when appropriate.Let me explain on the tats and by extension the pit bulls.It is an indicator of judgement.

You need to find more recent sales to determine today`s price.Tax value should only be a general guide but by no means any indicator of present value.I always nail down how much I think I can sell the property for QUICKLY.

Loan fraud in HUD transactions will generally land you in jail, they really, really don't like that.Loans are audited after closing, usually after 90 days and before a year, there are plenty of indicators that can show up that can flag a file for a compliance review.

Here is the information I look for when presented with a wholesale deal: - Type of closing (assignment, double close, etc) - Address - Price - Estimated ARV and Comps (I won't rely on these, but will indicate if the wholesaler has actually done his job) - Pictures & Condition (Enough information that I know if it's a $15K rehab or a $150K rehab)- Basic Info (Year Built, # Beds/Baths, Square Footage, etc) - Info about access to the property (or how to get it)

They will have a great indication and may even have a good reference for you if that bookkeeper isn't cutting it.

Free first month is one of the biggest indicators of problems in that geographic market.In summary the turnkey business model hinges on issues that are not talked about by the vendors or even the buyers: CAPEX, vacancy, fixup to re-rent.

You can screen borrowers, and diversify so you can minimize risk.

As mentioned an old collection account you do not to pay as if it's old it has a really minimal affect on credit.