The answers I usually get are: a)I tried; b)I did but I didn't get any showings; c)it takes to long; d)I DON'T want to.I know you know this but many times the homeowner doesn't have the money to put into the house to make it more "sellable" or they don't have the time they might need to sell the house, case in point a house in pre-foreclosure, or the seller is moving & needs to sell asap.All I'm saying it's not always about these "wholesalers" stealing the homeowners equity.

In our case in Long Beach, the zone is R-4-N, with the "R" designating "Residential" Now, be careful here, sometimes cities use "R" sometimes not for residential.

Correct me if I'm wrong, but the max LTV for an investment property refi is generally 75%. 75% of the appraised value would have to be the original purchase price ($140k in this case) in order to pull the full investment ($40K) back out.That means the appraised value would have to increase to ≈$186,667.

. $1.5M of great debt vs $262k of great debt)  This all assume that cash on cash returns are equal - which isn't always the case.  In

Especially in your case in which the broker sent you an email stating they have an off-market deal. 

At least this is the case in all of the 55+ communities I've researched.

Case in point: $200,000 to spend.  

New Orleans also lost a very similar case.  In

They still had to go to court, make their case in front of a judge and get an order.

Case in point, there was a wholesaler we met with about a year ago that was really cutting corners and doing a lot of things that were against the law.