and if you purchase a property that has a mortgage on it without paying off the mortgage - that is generally called "sub to" since you're making the purchase subject to the existing mortgage. 

Thinking about purchasing MF in downtown Des Moines.

Ideally, the realtor should already have some buyers lined up that may be purchasing the home.

Why do you think purchase contracts are so long and have such small print?

I'm based in Miami, FL and currently rent, though I've been saving up to purchase a home.

However, lately I have been seeing appraisals come in lower than anticipated so be prepared for a value cut (Subject to your market of course)Lastly, you can do a delayed purchase and use 100% of the initial cost so as long as the loan amount does not exceed 75% of the new appraised value.

Keep in mind if you are looking to purchase a primary residence, credit score plays a greater role in access to credit.

Someone like Entera who underwrites deals off the MLS and sends them to you for purchase?

Conducting due diligence on a property before making a purchase is crucial to ensure you're making an informed decision.

These cost can go as high as $40k if you end up in an area that requires ATU septic system, or as low as almost nothing, if you purchased a property with existing water/sewer taps paid for by the previous owner.