Thanks @Melanie Johnston - NEXT is a private money lender.

Oh yeah.......depending on how trashed the place is, you can spend an easy $5-10k on demo , hauling and clean-up.

I'm not a home inspector, but I point out many items to the buyer, so the buyer enters into the purchase agreement with eyes wide open before spending money on a home inspector.

Imagine having getting 150,000 points intro bonus for spending 6k in 6 months for Amex or Chase for example.

But for off-market/private party transactions, you are free to have your lawyer draft up a contract for you to use.

.: Another question for you pros: we currently manage a small portfolio of CFDs on land parcels and a couple of private loans.

You need to be able to come up with this really before you spend money on a civil for plans that tells you it won't work.

You could be a private investor for a house flipper, but then you would be the bank and I am not sure how that would sit with your faith.I would park the money in index funds if you can't do syndications just because you are restricting the possible use of your money in real estate.

Without a financial education - it's hard for him to discern which.What he should NOT do is to buy toys or spend it on fun because it'll quickly be gone.If he was financially savvy or versed in real estate - he could even buy a small apartment complex and self manage it if he had some property management skills.Advice should be catered to him specifically though, blanket advice isn't that helpful.

Quote from @Austin Schubert: Quote from @Chris Seveney: Quote from @Austin Schubert: Would anyone have a sample template of a proposal that you've used in the past that goes over how your structure a deal with a private money individual?