Mike Collins is in tampa florida and runs the websites rehablist and yousell anyway they are offering a position as a gatekeeper to a specific county which means all their resources find the deals e-mail them to you and then you send them out to the registered investors they have in that county and which point you become a partner with them in the wholesale business and make a profit from the sale.

Would it be a better option to refinance for $58k and take the lower mortgage, or refinance and cash out and deal with a higher mortgage, possibly reducing the positive cash flow?

I started buying positive cash flow residential properties about 5 yrs ago and got quite a collection going all over the state and in Washington.

If they can not afford the place now they will not be a positive tenant.In many ways hard money lenders avoid at all cost lending to homeowners.

It's is really tough for some positions right now.

"Cash flow positive" is taken to mean rent is higher than the payment, and expenses are neglected.

Philadelphia had aLOT of luck on their side to get to the playoffs, and are constantly in the position of "We need them to lose, so we can gain."

A 50K loan in default may look like an opportunity on a 500K property - but not if it is in second position behind a 450K first....

I explained my position that the door was not working properly when they left.

I put them in positions where they have to tell me what they want for their home, instead of me making offers upfront.