This escrow would be included in your monthly payment to the seller, who then uses the funds to pay taxes and insurance on your behalf.

I have access to funds through my HELOC on my full time residence to make a "cash offer" but as most HELOC's go the rate is not great.

You don't specify, but if you're using $110K in borrowed funds to purchase a property worth $110K, you're asking your private lenders for a 100% loan-to-value (LTV) loan, which is super risky for them and for you.3.

Yes, there is a chance the payment could be rejected for non-sufficient funds on the 19th, but I'm managing 400 rentals and it's pretty rare and the Tenants make good on it 99.9% of the time.

I was able to side step financial fees but the person funding the project was assessed a 26k debt because I and all subs were viewed as employees.

@Deborah WodellThere was a guy who used to post on BP from Maryland who did private lending and was a fraud, changed company names many times and what he would do is write construction loans, fund the initial amount but didn’t have the money for the draws.

I'm thinking of doing wholesaling or single-family considering I don't have a lot of funds right now.

By leveraging our partnership with Billy Medlen, we secured funds for both the purchase and the $74,114 renovation, ensuring the project was completed without financial strain.

You need to a ROTH IRA to withdraw money without paying tax. 5.

. - Spartan is one of the funds I've been looking at.