I am approved for a $415K loan either conventional or 203K renovation style.

It was actually under contract for $115K awaiting short sale approval for a long time, and the buyer backed out so now I think they're motivated just to get it off their books.

Business credit card/line of credit for 20k and my personal savings of 30k then I would be able to do a fast purchase and not have to wait for a bank approval.

It is an approved short sale.

@Wayne Brooks i was planning to get pre-approval, but good to hear I'm on the right track.

Just got word today, I've been approved on a cash out refi of my 1st rental.

It will state whether or not your bid was placed as an owner-occupant or investor in line 8 of the contract.Additionally, upon approval of the contract package, your agent will receive an email with the entire package signed by HUD's authorized representative.I have placed bids for purchasers in the past as investors who intend to live in a property because they may choose to sell the property and still be able to utilize their ability to purchase a HUD home as an owner-occupant.

I've seen a few mobile homes where the seller is asking 4k or less and I still have to say no because there is so much in repairs.A good basic contingency clause is to include the "contract is subject to buyers and partner's written approval and inspection within 14 business days."

They will approve you if you have a good deal and it makes sense.

: I am happy to say, we sat down with another lender and in 72-hours had a new financing arrangement approved.