Sorry upfront for being blunt...But, if someone will lend money to someone else with no experience or track record at rates near or below a bank it's 99.9999% a scam.

Hello Everyone:I have an opportunity to purchase a bank owned condo in South Beach, Miami, Florida.

Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.

I applied for a Cash Out Refinance with the bank that holds my mortgage.In an effort to actually enjoy my life and spend time with my 1 year old son as he grows up, I left my job at a Fortune 100 company to own a business where I make very similar money working about 6-8 hours/week instead of 60-80.The next step IS real estate investing.

They make fake money orders that get hung up during the routing float between your bank and the money order's source. 

Most likely would have to work with the local banks to get the loans, but that is ok. 

He should be able to explain why his credit report is blank (maybe he pays cash?).

Refi 75% of ARV for next dealMy first shot analyzing a deal in my county:$65k out of my pocket (43 for the house, 22 for rehab)Estimated $90k ARV= $67,500 cash return (assuming I pull out 75% equity)I receive about $850/mo from rent based on compsHELOC= $393/mo payment to bank (4.2% interest)$85/mo to property manager Meaning I gross approx $372/mo Zip code is 31904.

@Adam Hollandsworth The great thing about real estate is that there are no rules on how or when to get started, all it takes is motivation and coordination with your team (bank, realtor, etc) to close on a deal.

You're likely to get much further if you empathize with the mom and explain that you're concerned about the son living without electricity versus trying to attack her parenting.