Join Date: Mar 2013
Thanked 336 Times in 182 Posts
It really is getting that bad
Many of us are only in it on a limited basis at this point. When you have been getting HUD rate or better, going backwards is not an option. You are better off doing something else at that point.
The only advice I have for you is be careful, don't let any company owe you more than you can afford to lose, or wait a long time for. Don't let them run your bank account down to the point you can't afford to fight them, and don't ever depend on this industry.
There are opportunities out there, but there are far more pitfalls, thieves and scammers.
I have been contracting one thing or another for thirty years, and have never seen an industry with as many outright crooks.
The advice you have been given, though a bit harsh, is good advice.