Lenders look at high balances as a contingent liability if the CC has been paid down or paid off.

What the anent told me last night is one of the stores that is being bought out has a contingency that they remain very close to where they currently our.

Lots of great connections all over but we also have a very strong and active contingent here in MA on here so make sure to find them (Set up some keyword alerts to find out about local topics) and get connected.I usually suggest checking out some local investor events but I'm not aware of any that far west.  

Lots of great connections all over but we also have a very strong and active contingent here in NH and MA on here so make sure to find them (Set up some keyword alerts to find out about local topics) and get connected.Besides doing that on here make sure to get out to some of the many local investor events we have.  

Talk to him about the things that could go wrong and your contingency plan to pay him back in those events. 

The re-development loan would be contingent on my DTI ratios.

Yes exactly,and Auction.com said once the bank contracted with them that the house was going to go,we almost left the auction assuming it wouldn't go .Valuable lesson to me because I would discount and not bother to preview the houses scheduled for auction that I'd see were active contingent as tied up in short sales and not going to go at auction.

The 70% rule is a good rule of thumb to do a quick deal evaluation, but you want to make sure you look at all of your costs before going into a deal (closing costs, holding costs, cost of the hard money loan, rehab costs, contingency costs).

and make sure you have contingencies in place if your buyer takes longer than the agreed upon time.

Some don't want to deal with any extended escrows, even if non-contingent, and some will be more lenient.