2. can you provide a proof of funds (financial statement)?

Diane,Yes, I use financial statements!

I bought the Real Estate Finance for Investment Properties by Steve Berges and am finding it to be a great education in the actual financial analysis of properties.

The -$216.0 billion change in the U.S. net investment position fromyearend 2006 to yearend 2007 reflected net foreign acquisitions of financialassets in the United States that substantially exceeded net U.S. acquisitionsof financial assets abroad.

The potential liability is very high if you miss something during the process that later surfaces causing the investor/developer to lose money.Some of the skills you should have are a firm grasp on financial concepts and forensic accounting because sellers lie and they will cook their books too.

I know there are going to be bumps in the road but financially it seems too good to be true.

Get some sort of deposit in hand before financial s are released?

All that money did was allow some accounting shenanigans so the banks could acknowledge some of their bad debt as currently every large financial institution is insolvent, but if we all close our eyes and pretend they are all healthy eventually time will heal all wounds is the theory.

This also gives me the flexibility that, should I ever run into financial troubles, I could always drop to a lower monthly payment without any hassle.However his company is not licensed to do any mortgages in Florida and cannot help me out much there.

I process property valuations (Broker Price Opinions - BPOs) for financial institutions on a regular basis.