Not sure what current lending guidelines are, so I'll use the old fashioned 28% percent limit.

The HOA has never been formally organized for owner input and participation and there's likely too many unsold lots to purchase in a fashion current lot owners could afford.

I guess I am just old fashion.

One way to regularly use the card in a disciplined fashion is to designate it as a "Gas only or Groceries only" card.

I actually wholesale fashion costume jewelry to many Beauty Supply stores in south side of Chicago and I know decent enough about different areas.

Karim, try Kelly O'Malley with Bell Title of Livonia, at [PHONE NUMBER REMOVED] She does about 300 transactions a year for us in this fashion.

I fully recognize that my perspective might be considered old fashioned, but in my mind if you borrow money you pay it back.

- Serious- Wants to work with me- Answers their phones and communicates (and responds in a timely fashion to my requests)- Knows their product.Sounds like a GREAT PARTNERSHIP!

I will be doing this deal the old fashion way, thanks for all the help guys.

That said, you must be conservative in your numbers and not use teh hgihest comps and "best case scenario" as your ARV figure.Get all the comps, visit i person each comp (very important), find out if you can what the comps have inside, and then calculate what list price would move the home in a timely fashion.