Your credit score is not the limiting factor, but it sounds like the number of tradelines might be (the depth of your credit history).

there's your liquid cash since you own them all. but also you can take out equity loans from your cars and borrow against them for some cash on hand for the what if's. or you can just go through a bank, there's a million ways to finance a deal. if i were in your position i would be crunchng numbers on homes and if the numbers work then go for it. paralysis by analysis i find is the dumbest thing ever. yes sometimes if you analize something someone else may buy it. but i wouldnt buy anything without feeling completely comfortable with the numbers. remember it's the exit strategy thats most importantl. we all dont want to end up buying a home we cant sell and just that liability our money away. so do your analysis.i dont know how much help what i said is, but dont let anyone tell you that you're going too slow because if anything doesnt make sense then i wouldnt do anything until you feel comfortable with what you're doing.

Our real estate agent has limited experience with REOs, although she is willing to work with us.

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If you are going to be a successful businessman then you need two things among others:1) the ability to plan out how you are going to conduct your business2) the financial discipline to manage and grow your assets while limiting your liabilities.In this particular business (real estate investing) our two biggest assets are our credit and our cash on hand (followed very closely by our own personal education/knowledge).

The 200% rule is used when an investor wants to identify more than three (3) properties, and as you can see, has an identification limit of 200% of the amount or value that was sold.

The rates for 15-year FRM is also higher though the difference is not as wide as for the other two and is limited to 3 basis points.

in the long run also - if your business expands and begins to purchase real estate (for offices etc.) then Corp is better - it affords the greatest seperation (ownership is severalty with corp, one owner) - although LLC accomplishes the same type of limited liability.

If everything is completely disclosed up front (on the initial offer/contracts and not a later addendum threatening not to close after the fact unless you get money back), then it comes down to the lender's liability for allowing the transaction to occur.It's not mortgage fraud if the mortgage company is fully apprised of the situation and approved the loan with the contract in hand disclosing the terms of the money back, etc., with HUD reflecting the buyer receiving funds back...........As a rule of thumb if it's a strange transaction, don't do it!

If MD and Baltimore City is anything like other municipalities, the percentages you mention are the legal limit.