I was able to partner with my parents to secure funding for the down payment via their HELOC.

To secure the loan.

I was able to partner with my parents to secure funding for the down payment via their HELOC.

He is asking about the security deposit.   

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

How much earnest money is needed to secure the property legally?

With this passion for real estate and my background, I'm here to help others navigate the loan process and secure the best financing options for their investments.

Small hurdle, we typically see people QCD into their personal names, secure the HELOCs, and then switch back to LLC. 

So if you buy distressed and build in some additional equity via the rehab you can cash out when securing the long term debt. 

Most wholesalers who have 20 contracts at a time are spending a lot on marketing in order to secure so many deals.