We just won our first house at auction today.  We have put the deposit down and want to make sure we get coverage on the house to protect our interest.  The house could take about 90 days to be final (Anne Arundel Cou...

Finally I know that there are some states that require you to go through a real estate agency for closings, whereas others will simply allow you to use a closing agency, saving you money on the process.

So you have a boot issue.I find it easier to simply think about buying as much as I sold and using all of my proceeds to do it.

The seller's (agent's) response was:"owner is willing to go to $235k, it's 5% down within 24 hours, a 5 or 7 day inspection...appraisal ordered w/in 10 days business days from effective date."  

I know when I approach investors I need to bring something to them for the now like a hot lead, because let's say I want to do a cold calling campaign for them or do some lead generation or even build them a website, they don't really hire those services because they have been doing good just by simply putting a couple bandit signs or just of word of mouth references.

Some mortgage lenders simply don't loan to LLC's.I don't think it's a big issue, I assume the HOA is OK with it as well.

I figure I'll win significantly after I add value and refi in 3 years.

My brother in-law now worries that bank will take all the money because they dumped the condo and mortgagor is legally cappable of simply taking the money from dead person’s account.

And sometimes, they simply aren't very good businessmen. 

I'm brand new to real estate, because I was always told how difficult it is to buy a house, let alone invest in a property, but now I have learned that is all simply not true (I do know it is not easy, per se, but it is attainable with some hard work and diligence!)