Believe me, if Countrywide has already accepted your sales price and costs, they will take a few thousand less but it will just take more time--3 weeks is nothing in the life of a short sale transaction.

"I now owe $80k on this double via a interest only variable rate LOC when the while the property is probably worth no more than $35k".Regardless of what is 'right and wrong' when it comes down to investor values and the economy, if this guy is 100% LTV on ALL his properties and the above statement is true, it's going to be quite a few years before he has enough equity to sell this property and repay the entire balance.That, of course, is assuming that negative cash flow is not a current issue with his holdings.I apologize for jumping the gun and saying bail, but I have spoken with so many people in foreclosure over the years that let their situation completely ruin every facet of their life.

Ramen noodles is cheap with a long shelf life :cool: This could get ugly.

Hi All at BiggerPockets:I have a busy life and a busy brain.

Unfortunately, life seems to have an unlimited supply of lessons.

But it's sad to say the majority of the people are just dumb enough to vote strictly based on how there parents vote or someone with alot of influnce on there life.

My commitment to community coupled with the desire to lead a successful career and life as a whole gives me great pleasure.

I went into business with a cousin of mine a while back... probably one of the worst decisions of my life.

A contractor is only human, and by taking the time to get all agreements in writing, you’ll have clarity in the event that a disagreement crops up later.Work with licensed and insured contractors – Licenses and insurance are common business expenses, but too many contractors are running around without the necessary licenses and insurance.

To top it off, you have to try to do all these things while simultaneously juggling the myriad other details of your life while laying the groundwork to become a full-time investor.There just isn't enough time in the day, is there?