I was reading another blog and it reminded me that although worming through a real estate deal may not be intimidating to me but is for a lot of buyers.Also, I am not trying to take anything away from a seller agent but I’ve always felt that many times, they list the house and then sit back and wait for a buyer.

If you have more than 20% equity in the homes, you should be able to take out an interest-only line of credit against that additional equity, which basically sits in an account without accruing any interest until it's used.  

Lots of looking and inquiries not as much action as normal.Right now we have artificially low prices (offers from buyers) due to buyers sitting on the sidelines and sellers that don’t want to give away their property.  

With the likely recession and rapidly changing market, should I do everything possible to accumulate cash while I can, or just sit with what I have?

Do they want to sit at a computer screen to transact and never talk to anyone?

I talked to one of my Mortgage brokers that sits at our subdivisions.. 

But the more I sit down to analyze properties, is the more I realize any guidance from folks who have already invested in the Buffalo market would be extremely helpful to be able to connect with.

Sit back and take a break, Liz.

I'm sure they are going to be sitting for a long time (at least a year) so maybe if contractors are looking for work in this sure to be crappy economy, I may build instead. 

I do have an interesting story to tell about residential mortgage backed securities, but that is another story for another day.I'll just sit here and listen to the big pockets...please continue.