Austin has grown to perform a little bit like California and so I wouldn’t be that surprised to see a price drop.

I know it's hard to time the market but I feel pretty confident that prices here will fall or stay flat, while prices in Vegas are likely to drop more significantly. 

Lining up the bank refinance for the exit is getting tricky, with % dropping from the 80% we all want and seasoning/stability/reserve requirements increasing.

Once the assignment was executed, I submitted it to the sellers attorney with an amendment to drop the price to $29,000 and it was accepted.The day I picked up the keys, a REALTOR friend of mine offered me $45,000 if I would owner finance the deal to him.

Once the assignment was executed, I submitted it to the sellers attorney with an amendment to drop the price to $29,000 and it was accepted.The day I picked up the keys, a REALTOR friend of mine offered me $45,000 if I would owner finance the deal to him.

Once the assignment was executed, I submitted it to the sellers attorney with an amendment to drop the price to $29,000 and it was accepted.

@Tim Swierczek I say this because some people refi a property and the piti drops their cash flow to less than $100 a door.

Looks like it's seen better days...someone should be able to drop a new sink in there for you pretty easily.

On the other hand if you bring someone from Kansas out to Connecticut they will drop their jaw at the prices...it's all relative. 

You should be able to refinance using a recasting/simple refinance or a cash-out refi to capitalize on the equity spread to either drop PMI or pull some of that cash out.