Our market is hot and rising, so that's the disappointing part.Another success to this story is that my spouse really got involved in this deal, so now fully understands what I am trying to do.

Hey Rick its sounds crazy but im trying to explore which options i have but let me a explain little bit more its a hot location of the house is three blocks away from the Capitol, Convention Center plus there are numerous developements happining around the area ARV is about 600k the rehab is well about 130k

Since it's dripping all the time, it's either your hot or cold.

The appraisal was very easy, as the intown market has been booming for about the past 12 months.Actually, one of our biggest problems after doing these two houses was that the neighborhood got very hot and prices went through the roof.

Well, you're not meeting the 70% rule, but I don't follow that either and if you have a decent market (400 days is not so hot, but it may be the repairs needed) you can cut down on carrying time and money.

Or even during the summer in especially hot climates (working on clay and tile roofs in Phoenix, for example).As an example, I spent the winter working on a project up north, where part of the buyer's lender's conditions for sale was that the house needed to be painted (it had really bad peeling paint), but the temperatures didn't get above 50 degrees for about three months, and paint won't stick in cold temperatures.

The market is really hot, especially with surplus properties owned by our local government.

I also listen to the BP podcast, you guys are great.I think one of my biggest barriers right now to investing is the lack of a smoking hot deal presenting itself; I know I'll get flamed for even saying this, but looking at the NW side of Vegas, the best possible rent/purchase price I'm finding is around 1% rather than the 2% ROT I've heard.

Here in Oregon they went judicial and that buggered it up something fierce. but sales are down of course... however when I was very active 2000 to 2006 at court house that was a hot market and we still bought 50 plus houses a year in our market..

Rod how busy does your job keep you??