Smart people have done smart things and have remained poor.

Some common errors that borrowers make are: droning-on about technology, assuming a higher level of knowledge on the part of the lender about your industry, and being overly optimistic with respect to the future sales and earnings of the company. 3.

Hey BP I wanted to get some opinions on the dangers of over leveraging a property. I am formulating a strategy to acquire a number of properties in the near future using 1 or 2 REPUTABLE turnkey companies(please hold ...

Banks aren't in the position to lend to me even though they see I am responsible and smart with money.  

However your a smart guy and I know you'll make the right decision.

I'm going to make a few assumptions. 1) You are a smart guy; you got through college. 2) But more importantly it shows you can stick long term to a goal and do the things necessary to achieve that goal. 3) You probably have some college debt, little income and no credit.

So I thought I would be a smart guy and try to buy a lot of flooring in bulk since we have so much need right now.

and if you shop smart (at least 1% rent to purchase ratio), you'll have 5k in gross rents coming each month. 

Landlords that use Transunion smart move are looking at the vantage III score; the vantage III score heavily penalizes heavy users of credit like those of us that use personal credit to finance small businesses.

You will need someone to be able to check to see if units are cleaned out after vacating, overlock/unlock delinquent units (assuming you don’t have more advanced door technology), and to deal with units that need to be auctioned.