@Eamon ConheadyThis sucksFor anyone reading this, it’s important to always use a 3rd party escrow company and send any monies to them.

And with all the platforms like Zillow, Realtor, Redfin, Trulia. etc... the MLS has lost its value for the most part. I

You have to attract interested parties that are willing to sell you their property cheaply because they need to vacate ownership for one reason or another.

It was a several million dollar commercial deal that was going sideways before we got involved and steadied the ship.

.* FHA loans require both parties to owner occupy for 1 year* A 203k loan is not a first time buyer program, you can own a home and still use the program as long as you live there* The loan must be made to a person, not an entity. 

Quote from @Scott Tennell: For real estate investors who have worked with private money lenders, what strategies have you found most effective in structuring deals to ensure both parties are protected and the funding process runs smoothly? 

I just got done with my required annual commission update for 2024 (I know I’m a slacker, I waited until the very end of the year lol) and the teacher of the class said that a high percentage of the number of agents who had their licenses revoked in 2024 were the result of being involved in subject to transactions that went sideways.

The official answer: The Corporate Transparency Act is intended to provide law enforcement with beneficial ownership information for the purpose of detecting, preventing and punishing terrorism, money laundering and other misconduct through business entities.Uncle Sugar requires us little guys to register and be tracked even though 99.999% of us are not involved in terrorism, money laundering, or other misconduct.

This usually involves putting down 20% down payment on 150K-170K houses.

Though I would mix with antifreeze if the heat is off and your winters involve freezing.