I'll give you a bit of context to work with: I am currently taking the mandatory 7 week course to become certified to trade real estate as a realtor in my province, Alberta, Canada.

Thanks Jon: I appreciate your thoughts.The owner of this prop.wants to go back north to family.I do know from prop. rec.he purchased it at 5/6 mill 3yrs ago.I'm sure hes anxious but his agent is greedy.

They are so good and maybe I'm use to NY prices or greedy philly contractors, but his prices are damn good almost shocking good.

YOU are the bad guy(gal), YOU are cold, YOU are a greedy jerk, etc etc.

We have about the same issue - one was greedy - now has cooled down and now other one is greedy - wanting more and more properties depleting reserves to zero.

All the good deals I am not being greedy either, I will be fine with a 20-30k profit on my first flip.

Being an experienced trader, my first instinct is to control risks and limit downside.

Greedy banks - yuk!

In 2008 (also early 2009), some astute traders bet on the housing crash and made huge returns: 600%, 1000% etc. as I heard.

Also learn the way we calculate the number we need to be at that is usually Estimated retail price(A.R.V.) x .70(70%) - estimated repair cost.We do not offer low because we are greedy and cheap it is because we have a hard number we need to stick to and we have to be below the 70% because that is were the Hard Money Lenders maximum allowance.