Because you have 100K in unsecured credit card debt and your FICO's in the crapper.A worse outcome, flat out identity or credit card theft.If you want to wholesale, you don't need any of this.You can read here and in books and learn a lot of the basics.

Obams's plan is identical to FDRs New Deal in the 1930s and that led to a 10 year great depression.

Hey Jon this castle is almost identical to the one you stayed you in but with out jacuzzi it has claw feet tubs.

(Good idea IMO) No more shady listing agents handling competing offers...Unfortunately you have to register to be a HUD Selling Broker...One would assume that registration would be a simple online process requiring the creation of a login and verification of ones RE license number...

Craigslist works well for me, in some markets you can pay a Flat Fee for the MLS listing of your rental, but you will be responsible for all showings/credit check/verifications.

The 10k rehab is total so 2500/door and that is really just new flooring, kitchen cab faces, paint.The unit is part of about 5 other buildings that look identical to it but everything else is a SFH with much higher selling prices.

@Don Levy - judgments are similar, but not identical, in different states.

As that was happening, the illusions of large pool trades prompted some brokers to lie and misrepresent truths about their identity and the owner of the capital and the owner of the loans.

Had identical problem in a basement not long ago and tried everything you did w/o success.

HI Andrew,There used to be a 97% LTV program they reduced it to 95% but its not a far stretch from 5% down to 3% down.I think for such marginal difference in down payment it will be irrelevant for the default rate of the loans as long as prudent income, asset, and credit verification is done.