Our guy always gives us a prequal w/ credit and underwriting after we sumbit all paperwork and writes in the max we were approved on http://www.firstam.com/assets/title/asset-uploads/residential_contract-18153.pdf

By doing this the creditors use your networth and credit to still hold you financially liable for that credit and not all others you may have elsewhere.So if are operating as sole proprietor, banks feel you are a high risk exposing you and your personal assets that they are considering when giving you credit.

Usually in bankruptcy in a chapter 7 any assets over a certain amount are turned over to the trustee who sells them.

It would be a ‘Buy to Let’ however our philosophy for this investment would be to reinvest any profits into the refurbishment and upkeep of the property and better our asset, whilst paying off amortization and interest.

The Tipping Point is one of the most influential books I've read.I suppose I could list 30 books if I wanted.I've never read any Rich Dad books, mainly because I find the author to be dubious.

We sold all our assets, leased out our house, and relocated to southern California.

@Nilesh Makhija here is the post for the next NYC meet-up: August 19th, 2014 NYC Meetup in Manhattan with BP VP & Author Brandon TurnerI suggest you follow @Darren Sager he does a fantastic job organizing these events!

And the asset manager often accept my offers, but sometimes they don't.

(and yes, I understand a lot of people dont want to put money down, but Im trying to get a deal or two under my belt so I have experience and authority to speak from).

It's a borderline asset at best and true liabilty on paper.