I don't have experience with the Detroit Land Bank, but generally land banks are pretty reliable, but...they are low money buys (from $1 to $1,000) that require you to show proof of funds for the rehab.

State Street and other large funds are adding it to their fund offerings / adding it to their balance sheets.

With a cash out refi, your rate is fixed, but you’re also paying interest on all of those funds instead of only what you draw.

If financing is part of your strategy, consider exploring fix-and-flip loans, which are tailored to help investors like you fund both the purchase and the rehab of properties.Lastly, start small with your first project, ideally in a neighborhood where you understand the market dynamics.

I'll post updates here in case anyone wants to follow along.We syndicated in the states to fundraise enough for architectural renders, entitlement, legal, and to pay off the land. 1/4 of total funds required have been deposited in our bank account.Convinced a world-class architect to do luxury design for us.

On the lending side, we see a lot of private individuals that try to lend out of their IRA just because the borrower is a "good guy".

Do you have enough funds for down payment and closing costs + emergency funds 3.

I can't help feeling like he's been stockpiling funds to eventually file bankruptcy even while he swears he's trying to straighten everyone out.

I just make sure we have the funding to make the project go..

@Jamar Jackson you would want to talk to @Jessica Zolotorofe,@Jessica Zolotorofe, no more double closing evan if buyer A brings funds to the table ?