Here's our situation: I have an approved short sale with a ratified contract and a conventional loan for 80% of the PP and we're putting down 10%.

Normality is where inventory levels are at or near historic levels and where supply and demand are also near equilibrium.

I am paying cash so I won't have much holding costs.On the other hand, inventory is very low (2.77 months) especially in the price range and location of this property.

Its a bit of a drive but the networking is invaluable.Aaron if you have any local inventory here in Mass that you are looking to wholesale just let me know.

Eventually once the REO inventory is down to a more manageable level, the prices will have to revert back to the true cost of building.

It's a shame b/c this could be a great opportunity if it wasn't for this flood insurance.Any hard lenders out there willing to carry a 5 year balloon note at a conventional mtg rate??

Thanks JonWould conventional investor loan have higher chances of closing if the property needs work ?

Can I refinance OUT of the FHA loan I currently have into a conventional?

It seems that turnkey sellers are sprouting like mushrooms, not unexpected giving all the distressed inventory being snapped up.Current practice by the largest turnkey sellers strikes me as questionable.

I saw a report last week that the inventory for sale in San Antonio has significantly decreased compared to last year at the same time.