It also provides builders risk coverage for the property while under renovation.Cost of package policy is $1,000 a year and builders risk is $573.The agent recommended that we keep the package policy continually in place for when we purchase the next property, but the builders risk will be removed once renovations are completed and we will be reimbursed for however many months of premiums depending on how long it takes to renovate.

There's a healthy flux of people moving north from Illinois, and the FoxConn development in Racine will likely continue to lure people from south of the border.

Then after that you can continue to do so or you can work to get your broker's license and be 100% independent.

However, the buyer had agreed to continue with the purchase after I agreed to lower the purchase price to meet the appraisal amount which they had a loan commitment for.

So you don't have the money and don't (yet) have the knowledge to overcome not having the money.Again, I love the enthusiasm and encourage you to continue on your real estate path.

I have been doing a lot of researches and always will continue to do so.

I have been doing a lot of researches and always will continue to do so.

So, do we assume that the note will continue to have the same interest and payment and just keep on until the estimated payment amount is paid in full. 

Add on 25% (your 20% downpayment), and you get $252K or $288KBut, you should investigate what you can get for loan terms.

Would you say then that the REI would go ahead and sign a lease option agreement, which is contingent upon finding a tenant buyer within the next 30-60 days, and the seller can continue to market their house in the meantime Iwith the REI as an exclusion if the house is listed)?