I flipped a couple houses with my dad a few years back (right in the middle of the crash) we did ok on the first one but didn't make money in the second.

When the deal arrives, you will ONLY BUY DEALS THAT PENCIL OUT and the deal will pay for the HELOC, effectively negating the "second mortgage argument".  

I understand that when a market crash happens if people have the capital or are in a good position they can really captilalize on the situation.

HUD consultant doesn't arrive on the scene until you are under contract, and can refer you to a GC.

Con anyone recommend an agent that I can work with to sell a lot I own in Waterford of the Carolinas, Leland, NC, purchased it over 8 years ago for $154,000 market crashed and the land value went down to $30,000 it has gone up to $90,000 Today, but don't have any hope that it ever get to number I bought it for.

Con anyone recommend an agent that I can work with to sell a lot I own in Waterford of the Carolinas, Leland, NC, purchased it over 8 years ago for $154,000 market crashed and the land value went down to $30,000 it has gone up to $90,000 Today, but don't have any hope that it ever get to number I bought it for.

Con anyone recommend an agent that I can work with to sell a lot I own in Waterford of the Carolinas, Leland, NC, purchased it over 8 years ago for $154,000 market crashed and the land value went down to $30,000 it has gone up to $90,000 Today, but don't have any hope that it ever get to number I bought it for.

I paid $154,000 for an 1 acre lot, the economy crashed and so did the lot price to $30,000, the price as of today is $90,000, I don't think holding on to it Is a good idea anymore I still have to pay for lot Maintinance, community fess and property tax on it, any opinion will be appreciated.

Inventory is low and there will always be a strong demand for cheaper housing if ever you decide you would rather not hold your property anymore.The risks are 1) They crash / correct harder than single family homes in a housing market crash.    

For instance, if you want to buy-and-hold in San Diego, then yes wait until a crash when you can buy cheaper (if a crash comes anytime soon).