If they do, your best bet is a local community bank that funds these types of properties.Another option is a private lender but that money will be pretty expensive, as mentioned 10%  + 

syndication/private equity deals have a much better chance of penciling and providing decent CoC as there are more economies of scale and sophistication at the GP/operating group level in general.Thanks for reaching out Dan.

While these loans make it easier to buy a property, they come with challenges:- **PMI Can Be Costly:** With less than 20% down, you’ll likely pay $150-$300/month in private mortgage insurance.- **Interest Rates Can Affect Refinancing Plans:** If rates increase, refinancing to remove PMI or lower payments may not be an option.- **Scaling Can Be Tricky:** FHA loans are typically for primary residences, meaning you’ll need to strategize if you plan to purchase additional properties.Thinking through financing options and backup plans before you buy is essential.### 5.

I would say private lending.

Why is the wholesaler not giving you an extension?

Consult with an expert or feel free to send me a private message to talk details. 

I purchased a rental unit and did some private funding in 2016, and I will probably expand this business by doing more deals.

I live in FL, 2024 my first year in RE, I have a scorp private money lender/partner and other RE related businesses STR and interior design.

The key is by leveraging OPM (Other People’s Money).Do you have private money lenders in your circle who might fund the deal in exchange for equity or some interest?

You may also want to use progress waivers at each stage of the project to prevent unexpected liens from subcontractors or suppliers.Third - Be prepared to chip in on closing costs for the buyer and mention the early issue title insurance in the private remarks when your broker lists the property.