If someone is acting as a wholesaler and expecting to assign a property and gain a $60,000 return on the assignment, wouldn't that be completely unrealistic on a deal that would only yield about $34K after all expenses, including rebah? 

The bank (Chase) is so unrealistic with their expectations - they have to realize houses in the area sell for $5K to $20K and $29K puts them out of what buyers are willing to pay for.5.

I am not unrealistic about the amount of work this takes and I welcome the challenge.

I see this with local wholesalers, ARVs that are inflated and unrealistic, but they do that to sell you on their house.Good luck on getting rid of this place and moving forward.

If he's an unrealistic seller he may not budge, but he should be able to see that any smart buyer in the future is going to come at him with the same issues.

Back then, unscrupulous lenders stimulated housing demand artificially by making lending unrealistically over-available leading to rise in home prices well beyond their actual value. 

Even using your unrealistic example, floating that $10,000 would cost you $193 per year on the HELOC versus $470 on your mortgage at 4.7%.

However, if the bank states your Debt to Income ratio (DTI) will not get you qualified or the interest rate is unrealistically high, ask what more can you put down to get qualified.From there, aggressively save.

I see what the other members are saying, but is it very unrealistic to take an FHA down to and 80% ltv by refinancing??

Hi Chad:  You should be aware that a budget of $37,500.00 for a full gut rehab including all wiring plumbing and systems is completely unrealistic.