Originally posted by @Drew Poniewaz:@Daniel WrentzOnce you transfer the deed to the end buyer you cannot borrow against the property.

@Lyle McCartee You might want to be in touch with @Drew Fein.

@Drew NagdaI would pass on this "deal".  

Thanks @Drew Fein !  

We put it in our escrow account, then drew it out monthly as it became due.

Came across a pretty old listing today that drew my attention - spoke to the broker and it's still active.

It drew my attention because (a) it's in Wyoming and (b) I just bought an 11-unit that was improperly managed/maintained and I've been working to renovate, increase rent, and get the value up. 

A subsequent email, after the 30 day time limit, drew a response that the material would be removed asap.

Here is an estimate I recently drew up for a Buyer on a $220k purchase:As the seller, you'd normally pay the taxes and recording fees on the deed, owner's title insurance policy, title search fees, seller concessions towards the buyer's closing costs, etc....as well as the realtor commissions (on your $180k sale, it's likely that $10k or so of your "closing costs" were actually for commission. 

@Drew Cameron,I believe people do that all the time.