So it will be a longer process for me to do it but I'm happy to see that you were able to do it!

Background on myself I am 25, recently married to my wife (who isn't quite as enthusiastic about real estate for me so house hacking is out the window) and own a 4 bed 2.5 bath in Bothell, WA.

Background on myself I am 25, recently married to my wife (who isn't quite as enthusiastic about real estate for me so house hacking is out the window) and own a 4 bed 2.5 bath in Bothell, WA.

MY WIFE IS OVER HER MOM'S FINANCES NOW (POA),AND HONESTLY THE HOUSE IS WAY TOO MUCH UP KEEP FOR HER AND A STRUGGLE FOR ME TOO.NICE HOUSE ,JUST TOO BIG WITH THE POOL.

This is a "lightbulb moment" for me so thank you for sharing Phillip.

If I own the pharmacy, I have:Rent - a premium, high-rent payer,Credit – tenant has great credit,Building - vertical improvements in the form of the building,Site Improvements - in the form of a parking lot, curbing, storm controls, etc,Zoning – I own real estate zoned for a broad variety of commercial uses, andReal Estate - I have a great piece of underlying ground on the hard corner of a signalized intersection with the highest traffic counts in the area.There is a market for this type of product.

So, in a hot market the seller will look first for a cash buyer with no financing contingency, second for a buyer with approved financing from a conventional lender, third from a buyer who has been qualified by a mortgage broker, and last, i at all from a buyer with a POF from a hard money lender.Of course not all sellers, or the brokers representing them are sophisticated, so if you make enough offers you WILL get some sellers that accept you POF letter.Just to show you how meaningless these POF letters from hard money lenders really are, about 8 years ago a number of lenders published a generic POF on their websites, and told potential borrowers to download the letters, fill in the blanks, and they had an instant proof of funds.  

For me the the CFA track made the most sense because equity/commodity markets interest me, but find your own, create a plan, and don't pick your head up until you find yourself where you saw yourself in the beginning.

Actually, I have stock in a natural gas pipeline company gas would be better for me.

Now, there may have been bills due at Closing (Appraisal, Inspections, etc) that reduced the amount available to distribute - but you should have Signed a Release Of Earnest Money form.