With actual cash, you just transfer it. yes, but you can still bid with lender approval - without appraisal contingency - you send in deal (app), it gets approved by lender its functionally the same as cash (except in true lightning speed situations where there is a quick auction with little time to prep but thats generally pretty rare I'd think)Right, but that's not cash or functionally the same as cash because the lender can change the terms at the last minute, as often happens with less experienced hard money lenders.

I will return to this situation in the end of this post, but first let me show you why the age of a person can be tricky when it comes to the IRS.

If you're only using a portion of the funds, its less of a risk and could make sense depending on your situation and the deal itself.  

Some lenders work with 220+ lenders and can really understand which lenders are best for you based on your situation.

Is this a situation where we (as sellers) would reach out to a wholesaler?

If not on the MLS, they have to be about to be foreclosed on, way behind on their property tax or some situation that MAKES them HAVE TO sell.Same with rentals.

We've had several situations where a potential client would tell us what we want to hear.

Here is the situation:- I signed a commitment letter that has the incorrect brokerage logo.

Welcome to the BP Community and most folks I know that are in your same situation with properties in 1 or more LLCs end up refinancing those properties into DSCR loans (instead of HELOCs) to extract the cash they need for their next acquisitions.

I had a similar situation.