Most banks are drying up their existing lines of credit and in some cases calling for repayment.

IMO, this drip strategy has worked as I do hear folks talking about it all "drying up".

Whereas previously when they contained many freeze-dried portions they were listed as up to 130 months.

Anyhow, I'm having a bad day, and hoping this is not the start of being bled dry with problems.

There are many tax planning opportunities here and it is often best to talk to a qualified tax professional.The reason this gets difficult is that the issue is not cut and dry.

A foreclosure has already gone through the process, so it is usually a pretty cut and dry closing transaction as long as there are no title issues.

I found this thread out there a little.I don't see people making more money in less time lazy through systems and processes.While those processes shouldn't define a person they are important to have in place and constantly be refining.Re-inventing the wheel every time is asking for lost time and additional work that is not needed.To the original poster it is YOUR MONEY.Take what everyone says with a grain of salt.Then determine what you would feel comfortable doing because if it goes South you wouldn't be losing their money.I look at this the same way conducting business as a commercial broker.If someone calls me up and is looking for a one in a thousand property I am sure it can be done.How long and how much time to get there is debatable.I don't personally base business models on long shots.I want to know when I put time in that my chances of getting a return are very high.It seems like this flipping business is getting tougher and tougher.I have been having many investors from across the country telling me that flips are getting to be more competitive and dried up.The volume is going down and they are tired of dealing with home buyers.They are looking for commercial properties to move to a different niche of investing.I can tell you I wouldn't want to hold SFR house rentals as an exit if it doesn't sell.I do find it interesting to hear what different residential flippers are doing on deals though.

There is a water pipe ditch that connection lake palmdale to anther water sournce, to make sure the lake palmdale don't dry up. 

Ed Lee@ed leeI got it done very reasonably because of an arrangement with my contractorbut what was purchased was about 60.00 worth of pvc fittings and pipe you need a drain pipe and supply linesyou need the washer dryer hookup boxesand a roll of electrical wire that handles 220 currentwe had to get 2 30 amp breakers one for each unitand dry wall and mud to repair what we ripped outand finally vent tubing I cant say exactly what all this cost but somewhere in the neighborhood of 350 but remember I was doing two units the labor was priced at 160 a day and it took three days to complete.so just under 900 to do both units

We get in the car and ride out to view a property and there is a dry hole where the pond is supposed to be.