He kept bothering me to cut the grass.

Can anyone tell me how to cut thru the B.S., and actually find decision makers on these portfolios?

.$7,800 - net lossNow, maybe you could cut 3% off the sales closing costs by doing it FSBO.

It could simply be half or a certain percentage of closing cost (normal closing cost can run anywhere between 4% to 6% of loan amount, depending on the mortgage company or lender), although offering to pay ALL closing costs is not unheard of either.

You could cut lawns.

They cut so many corners and still managed to sell a half-assed rehab for a decent profit.I am a mortgage broker, and I know a fair share about the lending side of Real Estate but I seem to hit the same road block when it comes to getting started.My only holdback right now is funds.

This doesn't even include the things to come when it's time to actually list, sell and close on the property - someone's got to review the HUDs, answer the phone calls and count the money.Lenders are also taking a closer look at "Repaired Marketing Strategies", especially in new home communities.They're simply not prepared to break their routine, or re-route personell for a single property; It wouldn't be worth the increased liability, or man-hours.I'd add one other thing; On most properties, with most banks and asset management firms, a listing agent is assigned within 1 to 7 days after foreclosure.

Are you simply looking for data points?

This is consistant with Fannie Mae, Freddie Mac, VA, FHA, USDA and any insured lender for a portfolio loan.One guy uses a credit as a seller concession which works for FHA and his angle of business, but it can and does cause lending problems in other types of financing as seller concessions may simply be deducted from the sale price to arrive at the LTV.

Now I'm worried since I probably won't use this HELOC that it will lower my FICO simply having open credit show up in the revolving category.