Originally posted by @Ken Wang:Dear All,I am in the process of closing a deal in Maryland.

This was my original plan and thought.

Original asking price was $185k now reduced to $170k in June.  

Originally posted by @Dave Van Horn:Yeesh!

@Tim Haenn I'll have to agree with others here, we need more data.

Originally posted by @Caleb Heimsoth:@Luis Valdez1.

There would be no refinance in this situation since there was no original financing to begin with.As for the credit cards, to get a single card with a 20k or more limit would be based on your credit history, but American Express has been known to be generous with initial limits and credit limit increases after 60 days of opening the account and then 6 months again after that.

Originally posted by @Dick Stevens:Start screening better.  

Example: Property goes under contract with distressed owner /=/ property gets marketed to cash buyers /=/ another wholesaler comes along interested in the property with a cash buyer in hand ready to buy /=/ contract gets assigned to secondary wholesaler /=/ wholesaler assigns to end buyer and closes within the contracted time frame of the original owner to wholesalers contract.

So a while ago I heard James Wood speaking, and he mentioned a strategy that involved finding houses with loans that originated with now-bankrupt banks.