You’ll want to utilize the card regularly and pay at least part of the balance off each month in order to generate positive credit report entries on a monthly basis. •Personal loans – By going to one of your local banks and explaining that you’re trying to re-establish credit after a bankruptcy you should be able to convince your banker to lend you a small amount of money, say $1,000 or so, backed by a corresponding savings account or Certificate of Deposit (CD) account.

Why not buy ands sell for profit using OPM.

Hi Jon,Hi Jon,Yep, you are right...using any type of financing (mortgage, seller carry back) inside the IRA generates that nasty UBIT.I have shown my clients how to use options and lease purchase arrangements to avoid this problem.The better choice is a self administrated solo 401k since UBIT does not apply to this type of plan.Dave

A lot of these new buildings are designed differently to be "green," do not give up your profit to try to save the environment.

My intentions are to make a profit.

We're not looking so much to make a short-term profit from the renting of it, but more of a long-term objective (hoping the property values will eventually hit their values of 1-2 years ago in the next 5-8 years).So, we bought a small condo in Destin, FL.

If you teach this to a Seller, then you may be able to share in the profit at the ultimate cash sale in 3 - 5 years.

How do I generate more leads that I know what to do with in the area of short sales?

I did forget to mention that I am putting 30% down and paying cash for the renovations.So my figures look like this:purchase price 200,000deposit 60,000Mortgage 140,000Gross rents: 2,500 p/mNOI: 1,250 p/mMortgage: 931.42 (30 yr 7%) p/mCashflow: 318.58 p/mI guess the main issue is the amount of equity I am using to generate the cashflow. ($60,000 deposit + $20,000 for renovations =$80,000) Also the built in equity of $100,000 as a secondary factor has to be considered.

You'll get a small percentage, but it's worth the work and the profit.