OPEN a refi escrow with a local escrow company like First American or Chicago or Fidelity etc.. and then read your Preliminary title report.. that will tell you exactly how this is all set up.

Hello BP community, My name is Samantha, I mainly go by Sam.

Besides foreigners, majority of American investors come from NY and NJ.

@Sam LLoyd, I am not following you.

And with good advice from BPM like the ones I seen here I should secced greatly.My husband, 3 children, sister and i are looking to start a local discount, brand name stations, made in America by Americans Small business mixed merchandise store. 

FirstBank is doing some non recourse lending to retirement accounts, not sure of any other local institutions but there are some national North American Savings Bank is one.Also if the property is titled in your reteirement account I do not believe you can take loan against it to purchase a property outside of the account but am unsure of the details. 

You might be interested in attending some RE investor meetings with Sam's Real Estate.

Sam

American Savings Bank has the lowest rates locally, or you can try Quicken online.I always shop a bunch of lenders when I'm buying, and there's nothing wrong with that. 

Young people are often thrown for a loop by uncle Sam when they start making "real money" and then see half of it go up in smoke (taxes, I mean).