If you mean LA for Louisiana then it was the periods that through me.Please clarify.John Corey

High taxes here in town.The second they just took is for the rest of the house.

Prime + X% is a pricing theme in the HELOC enviroment---even if you found a Prime - X%, it would be a teaser only (initial rate to start the loan, but would adjust to Prime + % after the introductory period).

*even the good ones will expect periodic payments on long running jobs.

We finance rest of loan and manage property including repairs.

IF the IRS has been properly notified by the foreclosing entity, the IRS can step in and REDEEM the property for the amount owed from the current title holder for a certain period of time.

Alex - After going through the articles Lonnie is pointing you to, check out the rest of the articles in the Wholesaling Forum - http://forums.biggerpockets.com/viewforum.php?

Originally posted by "mickus1":I plan on staying in the 2 family until I find another primary.If you intend to live in the 2 family for a period of time you can re-finance it as owner occupied.

Repairs 2000.00Staging 2000.00Marketing 1500.00Option 10.00Total 5510.00Home does not sell durring option period --- net loss 5510.00

If everyone knows that the market slows then any seller on the market in the winter either does not care to sell or is rather motivated.Ic an be a good time to get projects read for sale come spring assuming you can deal with repairs in the cold.If you are wholesaling and that means taking title be sure to have ample cash so you can hold through the slow periods.