Granted the numbers of ones in the millions are fewer than the ones with 100k - 400,500k etc. in my database.My point is when I take a listing I can tell the seller I talk to buyers every week and know around what they will pay.One price for bank financing,one price for all cash,one price for all owner financing,and one price for combo of bank finance and owner second.So with a properly priced property I have tons and tons of direct buyers wanting to purchase.

A dangerous assumption.

Going below $15k would put you in danger if you had to lower the price to get it sold, you would not have much room to lower.One final thing to consider when doing flips is the rehab timeframe and the balance holding times.

I think most people realize that it's not as dangerous as the EPA would lead you to believe.

With the news that BoA is selling fewer mortgages to Fannie and Freddie, maybe Obama is trying to slowly get them out of the mortgage business to cater to the moderates.Also, wont' this hurt home values by adding rentals to neighborhoods that may otherwise be mostly owner-occupied.

Depending on who you borrow the money from, they may require a personal guaranty, in which case it's your money either way, but fewer loan costs...

This guy's arguement, on top of what we've already seen, "4.2mm new renters and 1.2mm fewer homeowners since the end of 2006," is that millions of defaulting "home owners" that have been living mortgage free, will soon be evicted by the banks, and be forced to come into the rental market.

Your insurance will be around $1000 per year.Also two other points, using a rule of thumb is dangerous and unecessary.

As this number continues to get smaller it in turn makes the number of available listings (our supply) fewer and fewer.Thirdly, the number of homes in escrow, in pending or contingent status, in relation to the available listings has grown each month for at least the past 8 months.What I conclude from this is that the market is absorbing the inventory faster than the new listings are becoming available.

Any slight negative market condition reducing income could place you in danger of default.