I’m also exploring the idea of starting a nonprofit dedicated to this mission—helping youth get acclimated to real estate investing and setting them up for a financially secure future.If anyone in this community is interested in contributing or being involved in such a venture, I’d love to connect and discuss how we can make a bigger impact together.

I have $70K of my own money I can use as a down-payment, but am looking for someone to finance the rest ($280K) as I'm a real estate agent and am having difficulty securing a loan from a traditional bank in a timely matter.

You will also want to draft a comprehensive lease agreement that outlines terms such as rent amount, due dates, security deposit, maintenance responsibilities, and any house rules.

All legal rights pursuant to the Rental Agreement, including return of any Damage or Security Deposit(s) are assigned to the Incoming Resident and remaining residents.

It's a false sense of security anyway and could save you money in the long run.

This strategy has allowed me to save on closing costs, secure favorable financing terms, and refinance almost immediately, all while minimizing my down payment.

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.

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