Newbie in trouble ;)

[Lucy Martins]

Hi, I don't know how to starts better than tell what is going on...

I (we as family) was ready to move overseas 2 months ago, and suddenly, after being prepared for 2.5 years, decided to stay here in FL. In the meanwhile I found some good deals and bought 2 houses cash (I think it was a good deal, cause I bought one May/13 n paid $20k less than the asking price from the bank, and it is worth at least 2x what I paid; the other one I was looking for, to trade my SUV n ended up buying in Jan this year thru auction 2 lots with 1 little 1989 house, for less than 1/2 price of their actual value). Both are rented out, cheap but they are.

Now that we decided to stay, I need to buy/build - last option rent, 1 house nearby my husband's job. I don't have enough cash to buy the house that we want, and I can not get a conventional/fha loan because I did very low income tax for his business once we were ready to move, and also I had a short sale back in Aug/2012.

Also I started my course for a real estate agent, once I decided myself that this is where I want to stay involved and make my wealthy life. (I had been a loan officer in CT for about 5 years, but don't have much experience as a realtor).

We found out that to build a house that we want to begin, would cost much less than what we thought, but even tough I just have 1/2 of the money (without the pool :). My husband is also a flooring/painting which will save us good part of it, and we have a lot available (from one of "good" deals), because there is where we want to move in, or around it.

With so many experienced people here, maybe the solution is very easy, but I still didn't see, I am starting now and need some help, please. (probably I could get a heloc after Aug/14), but not sure yet; the bank guidelines sometime is so difficult to follow. Also I am paying high rent where I am now, and we really need to move as fast as possible since the place where I'll start to work is on that direction.

Please any recommendation/suggestion/solution? I'd really appreciate :)