While not required to be done by a listing agent, I think it is negligent, and self defeating, for them not do this themselves before listing a property. not to rag on how closings are handled in other states.. but on the west coast when you open title you get a pre lim in 48 to 96 max.. at that point seller and sellers agent would know of this issue.. and buyer as well. as the perlim is mailed to each realtor the buyer and the seller for their review and approval.In states were they have to abstract or they wait until very close to close date to run title this happens a lot.. therefor when i am the purchaser in say SC i make my attorney order title day one... as it takes a week or longer when you have to hire abstractor I personally pay for this..

Ronald Lim is the author of the professionalized Condotel Concept in the Philippines wherein unit owners in the rental pool get equal rental income per square meter; per month.

I have no experience with the software but here are a few forum posts comparing and reviewing it:http://www.biggerpockets.com/forums/79/topics/44375-freedom-soft-anyone-plan-on-purchasing-it-http://www.biggerpockets.com/forums/79/topics/91576-would-like-opinions-on-freedomsoft-program-offeringhttp://www.biggerpockets.com/forums/79/topics/67210-realeflow-open-road-3x-versus-freedomsoft-vs-sims-20http://www.biggerpockets.com/forums/79/topics/83761-my-review-of-investorpro-vs-realeflow-vs-freedomsoft

Keeping an open mind is also good, however, i would simly ask, why go out of state?

I made a few hundred k a year in my 20's. Im

John S. Im

Perhaps I played too much Sim City as a child, but just thinking about my wealth growing over time excites me!

The sim also assumes 2% for closing costs, and also 2% inflation (applied to everything except mortgage payment of course)Scenario 1 - keeping the financing in place until there are enough properties that when paid off will meet the cash flow goal.

Hey @J Sims - welcome to BP, you've come to the right place!

Here in Oregon I met with a few title agents, explained to them exactly how I would be purchasing properties (auction, short sale, etc...) and informed them that if I was to purchase at auction then I would need a pre-lim first.