The contract hinges on my ability to obtain Title Insurance and to simultaneously receive a free and equitable title.

If it worked, repeat.Buying with cash is quicker, less expensive and all things equal can be the tipping factor in obtaining the deal if there are multiple offers on the same property, even if your offer is less.

If there are penalties, we have already confirmed the new lender will absorb them to obtain the new business. 750K in mortgage business lost all because an underwriting agent made a false assumption and was unwilling to admit her error.

@Jason EyerlyAbout 90% of the funds I used for this entire deal were through a HELOC that I obtained from a bank at prime (3.25% adjustable rate).

From there every book I have read has been about real estate investing, business, or biographies on successful people.In my drive to learn more I obtained a real estate license in the state of Connecticut.

Bring it current or payoff the lien and have it released and you should be able to obtain coverage, the payoff should be in your closing and a release then obtained. :)

@David T.

Also, I would network with a couple people to obtain roommates ahead of time if you choose to do this?

Obtaining an FHA loan should not be the first question, educating yourself, establishing a market plan, developing a niche, and networking should be your focusing points.

I am so happy to find this site and am excited to see how the guidance of other's can help us all obtain our dreams quickly and smoothly!