Here's the deal: You don't need to withdraw and return the current security deposit just to collect the additional $100.

Additionally, the funds they deposit might be significantly higher, and harder to recoup, hence they have the ability to close on a deal the lock up if they need to.Thats a good point.

Bathroom:Demo & Prep ($750):DIY toilet, vanity, and flooring removal.Professional plumber for plumbing adjustments.Toilet ($250):Standard, efficient model.Vanity & Sink ($900):A modest-sized vanity and sink combo.Flooring ($500):Wall Tile (Shower/Tub Area) ($1,000):Basic ceramic tile for the shower/tub surround.Shower/Bath Fixtures ($250):Update showerhead and faucet.Lighting & Paint ($250):DIY painting.Update light fixtures.Permits & Contingency ($3,000)Total rehab cost: $30,500Amount Needed: $30,500ROI: 45% of $30,500Investment Duration: 30days Profit: $13,725Total payout in 50days: $44,225EMD: The buyer has put down a 20% earnest money deposit based on the property’s ARV and they are all set to complete the purchase as soon as the rehab is done.To find out more about our Joint Venture projects, please visit our website: http://strandparkproperties.comWe're able to guarantee the return on investment (ROI) by finding buyers for the properties before listing them on our website for possible joint venture fix and flip.

Please advise.Chris CharlesCEO/PresidentFunding American Dreams, LLC315 W Elliot Road Suite 107.277, Tempe Arizona 85284.Direct #: (602)-669- 6094 Fax #: 833-714-0495www.fundingamericandreams.usEmail: [email protected] /[email protected]  What drew you to them?

You can also just work with a lender that does not season and source deposits and that will pretty much clear up your situation. 

Send me a Direct message and I will be able to point you in the right direction.

If I secure renters and show a lease agreement and deposit can I get into lower interest rate mortgage?

Move out was conducted and security deposit returned.  

First of all- Launch Financial is NOT a direct lender.

Under the assignment of income doctrine, income is taxable to the person who earns it, even if it is directed to someone else.