Why must it be assumed - is there a pre-payment penalty?

Lupe Santiago there are several loan brokers on here that can probably give you answers, I'd seek them out, it will be worth the effort.

If you feel the appraisal was performed in a commercially unreasonable manner (and you can really back that up) seek an attorney now.

If you are seeking to do this because you are short on cash reserves, you will most likely run into problems with the cash reserve requirements most NOO lenders require.

Well, with those numbers in mind I started to seek out Hard Money lenders to assist because I recently quit my job because it was being offshored.

So, I'm thinking that I am going to email like 20 real estate agents in my area and tell them what I am looking for and have them watch out for deals for me.

1. Is this a good idea?

2. Should I just say call me wh...

That is way I am currently seeking any individual who is willing to learn how to invest the right way.

There are loans that serve the purpose you seek in conventional, hard money and ARV based versions that would allow you to roll in the cost of purchase + rehab + closing costs (and in some cases, monthly payments) with as little as 10% down (the ARV loan would be an exception to this guidance).You haven't shared enough info about the property, tenancy, cash flow, etc. to determine what direction you should take, but you might want to review your financing options before using your home equity for the down payment (you are going to need cash reserves to find rehab in lieu of reimbursement).

I just read the original thread---juicy...I can't answer the where, but I'm going to take a stab at what to look for (which is at the core of the question---you have to know the "what" before you can find the "where"): - Follow the employers---seek areas where employment is both vibrant and growing (job growth leads to migration patterns---people have a tendency to follow the money)- Seek a community with current or future infrastructure expansion intentions.

That will require you to pay taxes and penalties right away on the entire balance.