I overheard a realtor saying the guidelines are getting very tight on this method, I'm wanting to see if it's still possible to do.I'm purchasing a home for 13k putting 7k in it, I see the homes in the area are selling for 64k, and my mentor has 2 on the street that appraised for $67,000.

As they say, goals without deadlines are just dreams.

The area I'm in (NW side and NW Suburbs) in Chicago is tight with inventory for #s that work to Flip.

She quickly discovered that the smaller banks were the ones ready and willing to lend.With a tight mortgage contingency period on the contract, she really should have cast her net out a little wider in her search for commercial financing.

;) I'm so tight...er, frugal...that I keep the temp at about 60 while I'm working, unless there's something (paint, mud, etc) that needs to dry.

I'd post the 3 day pay or quit notice now and if it's not paid on the 10th then the deadline on your notice would be expired and you can go ahead and file the eviction.

Check Google and you can find lots of info.Inventory is very tight.

The gentleman from the bank did mention Dodd - Frank.Colleen, please tell me more about this January 10th deadline.

I have $20,000 to work with, and with 20% down that would be very tight/ not possible but I was planning on getting my parents to be equity partners with me for the deal so that I could afford it and still realize the CoC returns that the property could gain.

A big trend right now in the geographically tight Seattle housing market is Spot Lot Building.