I'm having a hard time figuring out if r2d246 was being sarcastic.....

My friend had a short sale offer on a property for 165k which was refused but they auctioned it with a starting bid of 153k, go figure.

Last month Dallas County was just shy of 2,000 properties posted for foreclosure.The following table chart shows the local foreclosure statistics, not Florida's or Ohio's or California's, where I don't work or have any use for their figures.

I guess I haven't figured out how to use Realtor.com yet :lol: ofgift

I'm looking at buying a rehab project, but unfortunately due to the amount of homes on my credit file (and proximity of rehab project to his existing homes), I wouldn't qualify for another loan (not a 100%)From what I've read, most hard money folks top out at 70-75%.Scenario...380K Loan amount35K in rehabARV is 510-520K(*Not sure how to factor in hard money points and holding costs (3 mos mortgage), but I figure approx walking away with 30-40K.(70% of 520K is 364K)Again, I'm trying to do this at 100% LTV.

Mortgage rates have moved rather tentatively over the past weeks and are interestingly poised as they correspond to almost similar figures for the same period last year.

I figure my cash flow would be $250 per month.What do you think I should offer to make this a more attractive deal?

If you're having trouble analyzing a deal and can't figure out where to go next with a property, get on here and post a question.

I figure my cash flow would be $250 per month.What do you think I should offer to make this a more attractive deal?

Once you've done that it will make it much easier to figure out what to do with your theoretical or real windfall.