Continuing the credit example, a borrower with a 625 gets a loan and the next day buys a car.

Our current lease is up in approximately 6 months and I'd like to get back into investing and have to decide whether to buy a multi-family and live in it, a fixer-upper and resell in 2 years or continue renting and start flipping.

Hi GuysAn interesting scenario:I am currently renting a nice house from a family member (i.e. using it as my home) for only £200/month (it would normally fetch £600-£700 per month on the open market).What I wonder is, should I:1. continue to rent it for quite cheap money and focus on building a property portfolio of rental property. i.e. invest the money saved from purchasing a property for myself to live in, in rental properties (i.e. rent out to tenants) and continue renting my own residence also at £200/month.2.

I "buy" the property from him today for $280K and in lieu of a down payment he continues to receive the cash flow that the property created last year for a period of 10 years.

We were going to continue on the save and pay model, however, it just made financial sense for us to get a loan and lock in today's prices.

If you continue to hang with those you always hung with in high school, you're not advancing socially so much as going with the flow.Not being snobbish, it's just that if one has the chance to get into business with only peers, you're more likely to stay with peers.

I had one guy get a contract on a place just to show residency to scam the government in another state to prove he had occupancy so he could continue collecting from them monthly.

It was my understanding that as soon as a new tenant occupies a space the old tenant is not obligated to continue paying.

Morning BP FamilyCurrently a Merchant MarineNew to real estate investing looking to learn the ropes.Attended a local rich dad siminar and enjoyed every minute of it (3 day seminar)Cant get enough information about RE investing Will be going to the local REI club to continue networking hope to help someone currently in RE investing while being taught by them and making money at the same time.Have read a few booksAnd right now really focusing on proving to myself and other that I am ready to start this journey and put in the work necessary to be successfulAny information you can give me would be greatly appreciatedThanks again!!

I continued renting to them, and the prior owner never fixed anything, so I fixed what I needed to fix and left them with no security deposit.