Hello,We are being approached to GC/partner on a spec home with whom the client owns the lot and will be securing the construction financing himself in order to do the deal.

The MLS (pulled from public records) shows it as a 3/1. 

Well said, Desiree.Gator lending is secured by contracts that say that if the buyer doesn’t come through, then the gator gets the EMD back. 

You should be able to obtain them from the property owner, builder, or public records if they already exist.

A lot of the time, the HML 2nd secured by the high equity primary residence would end up getting paid off in short order with via a HELOC, so there'd have to be points in it upfront for the HML for it to make sense.

At a bare bones minimum, the letter confirms the start/end dates of the lease, monthly rent, paid-through date, absence of any prepaid rent other than the current month, and security deposit amount.Better, it will include statements there are no unresolved claims or disputes or repair issues with the current landlord, and no verbal or written side agreements.Better yet, it will include a copy of the tenant's lease, and a confirmation the lease is a true and correct copy with no amendments.

Negotiating with the seller was straightforward, leveraging the property's condition to secure a $50,000 purchase price.

What if you could secure your next property before selling your current one—without the stress?

In many states, an LLC can keep your name off public records, which is great if you prefer to keep your ownership private or avoid being directly associated with the property.Having an LLC also makes you look more professional.

Some opt for private lending to avoid this tax and still have investments secured by RE.