@Kaohu Seto  Sounds like you hit the RE jackpot.

You hit an even bigger jackpot just by being born in America.I don't think his luck diminishes your luck.

With the kind of risk you take, you should be able to hit the jack pot and not have the bank just yank it out from under you.

I agree with Bill Gulley , if you aren't doing anything illegal it sounds like you've basically hit a jackpot of sorts.

There you will deff be the owner of the property. 95% of liens get redeemed so your odds of hitting the jackpot on a lien are pretty slim.

Try to talk to some lending programs, there are a lot of aggressive lenders here on BP, but for 130k and your income in CA, I don't think it is hard for you to get one, maybe bring someone with almost perfect credit score and you might hit the jackpot.

My $.02:  Grab your 70% LTV, and for your next purchase be sure and work your numbers so that you can calculate that 30% discount, as well as a value add that can give you potentially more $$ so that you can pull ALL your cash out (and maybe more, if you hit the jackpot:) If you do find a bank willing to do a 100% cash out re-fi, please share.  

We came to a "ehhhhh," okay number. 60k(negotiable with seller) I felt like I hit the jackpot until...........I actually looked up the price of transforming a bedroom to a bathroom..My God.Second House: I get a call right after leaving the first site from a sweet lady over the phone.

In regards to predicting apprecation, I really like to tell people that you have to be LUCKY.BUT.. not in the way that if you buy a lottery ticket and hit the jackpot.

You have hit the JACKPOT of resources for real estate investors.