Or the developer can close on the land at risk but they have a lot of capital when that's the case.  

VA loans are the only loans that allow this, and there is no rate penalty for it no longer being your primary home.With that in mind, you could do a cash out refinance today at a higher rate than current market rates which will create profit on the loan, we can take that profit to pay for your closing costs.

The home was built in 2006, great neighborhood, close to the highways, close to everything new that is being built, close to a military base.

Once I plug in all those numbers, I'm pretty close to breaking even.

In addition to your down payment, plan for closing costs (around 2-5% of the purchase price) and set aside at least 3-6 months of expenses for repairs, maintenance, and vacancies.

Hi Lianne, did you close on the property ?  

The husband follows my husband around, and the wife closely trails me throughout the house.

I of course would need to look for the deals and do letter of intents on properties and find them and they would come with me to the closing table pulling out equity and then getting the cashflow.

I am looking to close many deals in 2025!!!

If it's a QM you won't be able to close in a business entity like a LLC, although in some cases you can transfer into an LLC after closing.