Originally posted by @Mark Scarola: I have some experience investing in delinquent debt, Loan sharking is quite profitable, it's not often that you have to break a few kneecaps. :)Welcome to BP Nation.Everybody, this is Mark, he is a friend of ours. . .

I don't have any RE experience outside of reading various books and podcasts, but I can help others in online poker, Clash of Clans, Yu-gi-oh, Big 4 accounting, and watching my Niners tank for the #1 pick.

I've purchased 4 properties (unfortunately not through BRRRR, but through conventional loans) and my credit score seems to have tanked from 800+ to 750ish.

10% loan with 30% down is the equivalent of 'loan sharking'.  

I'll break down the math:  $262,850.50 - contracted price of the house with contractor   $53,000.00 - Mechanicals that my husband subcontracted out (in agreement with the contractor- (Well, HVAC, plumbing, septic, insulation, gutters, gas tank)But we went over in overages and extras to the tune of $5665, so we'll add that to the contracted price.Leaving the final amount owed to contractor as $209,850.5 (262850+5665-53000)$194,744.50 - to-date amount paid to contractor Leaving the balance "owed" (per the contract) at $20,770.5"owed" is in quotes for the following reasons:1) the builder is a Maryland builder.

We keep track of all expenses. besides some little maintenance calls and water tank replacements.

Hello BP I have a question about underground oil tank.

Running a loan shark operation? 

No one was interested due to some minor oil contamination that occurred when bank removed underground oil tank.

Seller grants Purchaser and ______________ (name of home inspector) the right to enter upon the property between the hours of 7:00 a.m. and 5:00 p.m. for the purpose of doing a thorough and complete structural and mechanical inspection of the home and testing for lead paint, water, water well, septic tank and field lines, and any other tests or inspections necessary and requested by Purchaser.