.* Vacation Chalet - negative cash flow, slightly under water (due to HELOC I used to float low income properties).

You get the drift.

I did a quick search but couldn't find this posted in the forums (only on a few blog posts) - looks like HUD is floating a proposal to eliminate seller financing unless you become licensed as a mortgage originator.

Especially if you are on a floating rate!

I hope you are catching my drift here.

J O, there are several option contracts floating around from experienced investors like JP Morgan,Flipman,Vena etc..go to any of there sites or you can go to [REMOVED] an possibly get them from here as well...You want to check to make sure you have contingencies written incase something happens and you can't make the deal work...Regard to title company you should look for flexibility and one the investor friendly.

(Other tile supplies: Grout sponges, tile nipppers, grout float $30);If needed a new diswasher ($300) you can get a low end for that but they are LOUD; look for custom order return less than 45 decibles.I think backsplash, hinges, & pulls will modernize and make biggest difference.

Purchased home for $120,000 in 2010, invested about $60K in rehab over the years.Current MV ~ $255,000.Mortgage liability: $91,000 @ 3.65% (30 year fixed)HELOC balance: 25,500 @ 5.2%  (floating rate)Paid off $20,000 of HELOC w/ 15 mos 0% interest credit card - current balance is $19,200.  

We could pretty easily make a cash offer and float that for a while and then maybe work with a commercial lender once we have some of our own numbers.

Jay and Bill down in San Diego, Nick Vertucci in Irvine, Marshall Reddick, You get the drift.