it's buildable and 500 ft from water - not in flood zone.we got copies of the original contract, and i verified that the property is paid current on taxes.the lot has 80 foot frontage and is 120' deep.

Its great to start planning the financial aspects of funding the deal from the very beginnings.With that said i will say this that you must contact a real estate attorney to verified this or do some dual diligence on your part to see that entity is best for buying real estate.

This person would be responsible for going out an inspecting your deals and verifying all the numbers.

I am filling out a prequal form for preconstruction loan and they are asking to verify that i have 25,000 in assets, credit above 680 and at least 6 months of mortgage payments available.

If you have a score of at least 660 then a conventional NIVA (no income or employment with verified assets) may be available.

I would ask that you verify your numbers on your acquisition costs because they seem really out of whack.

I wanted to post a reply on that topic, but lost it so I could not-but I can verify that it is that way too in California, as I live here, and that is how it works-Cali Girl thought we got kickbacks-not so!

If you live in a property for two of the last five years preceeding the sale, you get the homestead exemption (See your CPA to VERIFY everything you read here including this).Next BIG problem is moving.

ryan, a realtor in NC told me that assignments are illegal in that state.i never verified that because it's not my thing.

PLEASE verify with the proper authority.If you need help with getting this info i could possibly give you some generalized direction.