By leveraging my knowledge of the situation and the property's potential, I negotiated favorable terms and secured the deal, ensuring it aligned with my vision for developing a duplex in this thriving Charlotte neighborhood.

By leveraging my knowledge of the situation and the property's potential, I negotiated favorable terms and secured the deal, ensuring it aligned with my vision for developing a duplex in this thriving Charlotte neighborhood.

 You may be able to secure higher leverage financing through alternative lenders than a traditional bank (not always the case) and this may help advance your objective of reducing the down payment/cash requirement but that may only be temporary relief as you will likely pay more over the course of the loan because of higher rates and fees.

I apply their security deposit first ($1,500) and then charge them for the remaining $2,500 owed.

Readers should seek professional advice.I believe the Note creates liability for the loan, the mortgage creates a lien on the real property that secures the debt. 

Securing financing for a property without current income can be challenging, but there are specialized lenders who focus on the asset's potential rather than its existing cash flow. 

I have had a fair amount of recent success because I offer a pretty high rate of 11% secured by note and deed of trust on my houses in va and nc  but want to hear other peoples success stories besides local meetups.

This strategy allowed me to secure more favorable terms while maintaining consistent cash flow from the property.

I only have savings accounts for my security deposits.

By demonstrating my commitment to revitalizing the property and emphasizing my ability to close quickly, I secured favorable terms that aligned with my investment goals.