IT HAS BEEN SITTING FOR 302+ days on MLS!!!!!!!

I am going to sit back for a while and see where this goes.

@Mike Gotti if the money is sitting in a savings account, it is a nominal difference, but there are online savings accounts that pay more than .8%.

Don’t even think of this.Based on the dramatic fall from 2008 to 2010, and the number of lenders and flippers who went under, now is a great time to sit tight, learn, and watch, Yasmine.

I would get all the docs into them and get through underwriting and sit and wait for the rates to drop.

I'm not sitting on big piles of cash here!"

Borrowers are so spoiled with having to bring in very low amounts of money to do these deals..those with ACTUAL cash are going to clean up I think.. as the borrower with not quite the financial horsepower to play will have to sit on the sidelines for a while or they better be looking for equity partners..  

The feedback I received from family offices and hedge fund managers was they were sitting things out until the market conditions would be known and and have recovered.

I would hate to buy a new property and can have it sitting empty because so many people are out of work, unless I go with sec. 8 tenants.

A 32 unit with everyone signing--hard to believe.SJW type (sitting in his moms basement) thinking he's clever making up a FAKE STORY to try to encourage this to happen for his own reasons--Highly Probable.Do owners of larger apartments walk around like New-bees not knowing what to do, and post openly to twitter for help?