This will protect the both of you.For the latter question make sure the inspection report present a solid picture of the property and its foundation.

Don't waste your time with 'MR $30 million'

if this property for 162,000 is being sold by an agent or seller that really isn't "motivated" to sell - then you're wasting your time.

I would start by putting together a solid idea (plan) of where you want to go.

We're up a solid 3%/year over the past 6 years!

That doesnt count realtor fees which could be what you are including in your costs. 4. how solid are you on your repair costs?

I am not yet comfortable to get out there and jump in while I'm still learning the basics, I don't want to waste anyone's time (i.e.

I agree with everyone's responses.Unless you've got spotless credit (730+), most banks won't even waste their time.Reasons to go with a broker: access to multiple lenders (I could say 100s, but that'd be a tad over the top) to find the best rate, credit score doesn't have to be the best, specialization (most bankers do everything, and might not know how to tailor fit a loan to your needs).Obviously my opinion is slightly biased :D(see blog)

There’s a fixed amount of land, it has many uses and therefore many potential users, there’s a solid history of appreciation, and it’s not easily misplaced!

and your wasting your time..hard money is private money, its not the same federal money(conventional) hence the restrictions are not the same..