You are entitled to a free copy of credit report once a year (from each bureau) but the only way to really know your "score"- the magic number the lenders use- is to go to myfico.com and pay for it .It doesn't sound to me that you're in that bad a position, actually!

Is this a place that you and your team can bring something positive to?

As you're on the loans, they'll count them towards your DTI, however, if you have 2 years of tax returns showing positive income, it should actually help your DTI ratios.

Would love some advice as to best way to attack REI from here, looking to buy n hold but would have exit strategies as flipping/wholesaling if the property made sense for that option.Reading and learning as much as possible but I feel I am in a position to start acting!

I just don't see how you could ever make money unless you had a huge down payment or wanted to buy and hold and hope for appreciation many years down the road.The positive aspect about this town is it seems to be quite stable, real estate has leveled out and is actually turning around here quickly.

This year, I've decided mostly to focus on flipping houses because I don't think I'm ready to get involved with landlording or hiring property managers, etc.I just joined my local REIA Tampa Bay chapter and will begin attending meetings, but I'm hoping to learn more about certain things online as well, things I've been having trouble narrowing down in the forums.I'm wondering about:•How hard money lenders work, and how you communicate with/propose deals that a person in that position.

. - Your strategy to minimize to minimize interest and tax expenses since these are the largest expenses most people will pay and sometimes its not the rate of growth/return you need to be concerned about but rather just a reduction in interest and taxes alone could have significant impact the growth of your equity and assets over time

If you financed all 6 of your units you could pull out $200k to use for a down payment on further acquisitions.Those units will still be cash flow positive paying down a $34k loan right?

What files have you downloaded from the BP file vault that have had the most impact or influence on your real estate business?

Then recalculate if you will still get positive cashflow.