Recently I listed a 4 bedroom/3 bath home near Old Town Scottsdale (with a resort-style backyard) that grossed $103,000 last year.· "Demand for new homes is falling and will continue to drop into this year’s third quarter, according to Belfiore Real Estate Consulting.

If you were able to do all of that in 2 years, sky's the limit for you in the years to come.

@David Robinson & @Jason Delgado Alonzo - although its a great program, the 203k loan should always be a last resort.

But seeing some neighborhoods go up 40% this last year tells me resort areas are in demand.

I love hiking, skiing, bike riding and basically any physical outdoor activity.

I'd love to know how many people running this racket instead slip up and DON'T pay the HELOC, and instead go to Cabo or buy a Jet ski and then have to deal with double interest.

Lake Arrowhead is the quieter of the resort towns " Crestline, Running Springs, Big Bear".

I would recommend only using hard money as a last resort.