So worst case scenario they reject your lower offer... and maybe you could re-counter with the $25k (with your tail between your legs) and get the property.Hope this helps.

Mail is the last and worst way to collect rent.

I saw the floor plans of the house and overheard that it’s the worst hose on the block (!!!!)

Last year we purchased, rehabbed and sold 2 houses in the Watts/south central neighborhood, 2 houses in central Compton, and over 10 in the worst part of San Bernardino (research G St.

My experience is a good GC can be great, a bad one can be your worst nightmare.

I decided to help out a couple (family members)who overcharged me and I think they were the worst painters on the planet.I had worked them by the hour in the past doing odd jobs I could have did the paint job with a One Haired Brush in half the time they said it took.:)

Your coverage seems pretty good.In my mind, though, I always consider the worst case.

We plan on 25k purchase price, 15-20k into it then when work is done it will be worth 60-70k, but thinking worst situation so 60k.

They do this loan thing for a living after all, so they know well what can go wrong ;) Just make sure you run some worst-case scenarios on repairs, vacancies, etc, while taking into consideration your cash reserves and income.

Even worst case scenario HELOC's max out usually at 18% (margin and indexed considered).Credit cards and HELOC's have the same risk since both financial facilities base their rate off a fixed margin + prime rate and prime fluctuates.