Typically what you will find is that they will allow cash out only to 65-75% of your purchase price which leaves a significant portion of your cash and improvements tied up.Better NOT to buy with cash but always make sure there is a note/deed of trust or mortgage filed at closing on the purchase so you are alwys paying off underlying debt.

That leaves people with even less cash and capital (and by surprise, no less), especially those of us who use helocs to further our business ventures.

My hardship is that I'm taking a leave from working full time to intern.

I doubt they'd want to leave their little apartments in those beach citites to move to Long Beach.... so I'd have to find new roommies.The place I'm bidding on does have a private entrance though.BMR:I'll have to check out those duplexes.

And I think we should leave it at that my friend, thank you for your time and have a wonderful day.

Then, during the down seasons, these beach close properties are in high demand for an 8 month lease for college students who leave for the Summer anyway, and do not wish to rent during this time.

As to the comments about leaving your job or doing what you want, let me just take a few moments (this will be longer than my usual posts) to ponder this with you.

Why would you want to give him a lot of money and leave him as the owner of the house?

Or do i have to fork over the sec deps when they leave?

He kept saying how you have to know your stuff inside and out, because if his 'opponent' slips, he won't leave them any slack.