The bank is willing to finance properties off of the line on 5/1 arms at 80% LTV with no seasoning requirement.  

Hey are there any investors in the Connecticut area that know of an Investor-friendly lender that doesn't have to adhere to Title Seasoning Requirements?

Morris this post is one of the reasons that make BP so valuable and important in every newbie or even seasoned investors life.

I was attempting to explain my opinion that wholesaling REO properties for someone new or even seasoned is much more difficult than working with homeowners who are desperate and my experience was called into play.If we can get back on track with the topic, it is, how can you wholesale REO properties and avoid placing EMD funds.

Yup, that's right, that number you read was not 'seasonally adjusted' though the unemployment and other numbers that are reported are manipulated, er 'seasonally adjusted'.

get plugged into your local meetings and try and network and help other seasoned investors and try to get under thier wing..Networking is what makes you successfull

This is a question for the well experienced and seasoned entrepeneurs who wish they could go back and do it all over knowing what they do now.I am a pre-newb.

The inspection was always in the early spring time when it was still cold, raining, and moist.

Hi Marcus,I would suggest to put it under contract right away; then wholesale it to a seasoned rehab investor who most likely can rehab it for a lot less than the $70k you're quoted.You can also contact the owners of the other 4-plexes in the area because since they already own in that part of town, taking on this project may not be a big deal to them.Additionally, to find seasoned investors (this is how I did it in Northern NJ), attend the sheriff sale in your county.

To recap...look at the comps and to me a bathroom is a necessity, central air in a seasonal climate is not.