Borrower's remorse ;) So long as you can show good reason for decissions made after any clsoing, it's not an issue to that transaction.

Just like a lender analyzing a workout and options with a borrower you need to do the same with your rent and contract with a tenant.Is this a temporary problem they can get resolved or is it symptomatic of a bigger problem they cannot recover from in the short term??

Others with lower ratings do pay higher rates.Maybe so, but you are coming from the borrower's perspective.

Hello,I purchased a foreclosure property at tax sale in Michigan in July of 2012 for $88.5K, and put $80K into the renovation with cash borrowed from family members.

Are lenders required to include the judgement amount in their loan, or do they simply force the borrower to do that in order to limit liability with another outstanding debt?

You need to get an authorization to release information from the borrower to gain access to that info directly from the lender.

In the meantime, ask for a share secured loan and tell them you are working to build credit. . .so you can eventually borrow maad amounts of money for your empire building.They will guide you, and this is perhaps the most important challenge you will overcome. . .building a relationship with your lender.Blessings and keep us posted,Tevis

Until your personal balance sheet is in order don't go borrowing more for real estate.

But, if you like living on the edge, load up on debt where you limit your ability to borrow and see how it is making a living off buying properties with short term seller fiancing arrangements....good luck!

It will make investing more accessible to those with no money and no experience, as those with money and/or experience already have access.And when people with no money or experience start borrowing money to invest, the lenders will lose money and the model will quickly fall apart.Just my $.02...