Was not owner occupied.Also, I forgot to mention that this has been on the market for 3+ months... which I thought would warrant a bigger reduction in original asking price($65000) but they won't budge from $62k.

As I said before the house was not originally purchased for a flip so it was a little more high end than the area generally warrants we should have been looking for houses in with an ARV of 140-180 but we were sitting with a sales price of 250k which fell right in with the comps for a 4 bed 2 bath on .5 acre.

If your exit strategy or financial goals warrants a shorter amortization you go with that.

Patience is not only needed it is warranted.

Treasury non-voting perpetual preferred stock (TARP Preferred Stock) and warrants for a total of $45.0 billion.

It is exhausting, and the profit margin is not high enough to warrant the stress and costs.

Having a partner warrant title is the best way to go.I'd also say that this technique, while cleaner and less expensive than a double closing, it will require cooperation of the partner buyer and that may cause difficulty for many investors.

:)A couple years ago when cash buyers were in short supply, cash offers warranted significant discounts.

Just wanted to post this quote from an article I read, although I think banks are still ignoring it (as common sense does dictate main goal should be to make sure you are making a good loan that won't default, not that you are not penalized for making a bad loan), regarding it not affecting their default numbers: Banks didn't want their Compare Ratios to rise.The FHA has acknowledged this issue and, similar to how HARP II waives reps and warrants on HARP refinances, the FHA will now exclude FHA Streamline Refinances from its Compare Ratio calculation.

I would suggest making sure your builders list will warrant action on lots.