I think you're gonna see a lot of deals underwater trading before year end, with banks trying to clean up their balance sheets.5.5% with 25% down is a very competitive rate.

I have experience with house hacking and am an interior designer by trade, I am very ready to start flipping homes in my area of Asheville, NC. 

When the World Trade Center was crashed into, the owner collected double on the insurance policy but then had to give half of it back.  

Sheetrock crew comes in next....think they clean up after all the other trades and throw away all the trash? 

Many years ago, Home Depot and Lowes used to have professionals from each trade in those departments, most were retired etc, I find that less and less nowadays and find myself helping customers out when I hear an employee giving really bad advice, so just take advice in the big box stores with a grain of salt. 

I’m also actively involved in the Mastermind, Skool, Realtor, investor, date trading, marketing and jeweler communities that have been like family to me, helping me grow and collaborate.Health and wealth, both physical and spiritual, are important to me.

Have plenty of reserve cash saved up in case you need to bonus your trades to do your job next. 

Ok, great, but the troubled loans in his portfolio won’t be able to refinance into GSE debt without massive cash injections by the borrower because agencies are topping out at 60-ish LTV (current value).I agree with you that there is an opportunity here—but I wouldn’t want to touch any of this bridge debt unless bought at a very steep discount, and so far those trades don’t seem to be happening.

@Jody MartinezYou can pull the permits typically for the GC but not for trade permits. but if you do the work are you going to disclose this when you sell that you hired unlicensed contractors and notify your insurance if same?

I said go talk to your attorney I will trade you the house and some cash for the land so you will now own your house free and clear and not have to move.Attorney comes back with 225k for the land i give her another 100k in cash and we do the swap.