Now the bank wants to keep my earnest money if I can't close by Friday and I will loose a great property.I was stupid and didn't use the financing escape clause and did the contract with Cash although the letter of credit states that it is based upon property condition, appraisal etc, I also put an clause in for subject to inspection and appraisal meeting buyers approval.

As a homeowner myself, it's what I've worked so hard for to get & keep, it really upsets me to think I may loose it.Will

I have seen two foreclosed properties where the residents who are loosing the house deliberately sabotaged and otherwise damaged the home.

Hi,Loose the pop up ads.

What other vehicles are there for me to fund my deal and not loose out on a good opportunity...I will really appreciate any advise anyone can give me.

Here in San Antonio section 8 tenants can loose their housing if they tear up the property.

50% LTV70% LTV90% LTVIf you own a house outright and get a low interest 50% LTV first loan on it (not an equity loan)...use the money to buy a great deal @ 70% of value...and make sure it is an easy rental (3bd, 2ba, SFH,etc) put the money you borrowed down on the new place to get that loan at 50% LTV...it would be hard to loose your shorts.

Yes some tightening up was necessary as banks’ guidelines prior to the mortgage crisis may have been too loose, but now they seem to have gone too far the other direction.

They are already loosing money on it, why would they risk putting more money into it?

Also for the maintenance and management fees look to loose one of the units rental income since that is usually part of the pay the maintenance/manager gets.Your analysis does look to be pretty good.