Here is there email to me: "With regard to your previous email, the closing attorney or title company is not responsible for securing or holding back the lender's private mortgage insurance to close any deal.

Has any of you had any success securing this loan?

So, you definitely want to require a security deposit from them.Lastly, the $1250 in rent wired above is probably misleading.

If, however, you think it will be a few years, you are likely off securing a HELOC which will result in a longer term and lower payment. 

I was made aware this weekend by one of the investors on our Facebook group that Marco Santarelli on June 18th, 2024, held a "web seminar" again soliciting investors.

@Pat QuarantoTo sell a property, assess its value, negotiate a fair price, and secure a legal deal.

However, likely would be paying the tax on 15.3%Maybe not a big issue if you already have a W-2 job where you are already above the social security base as you wouldn't be responsible for paying the social security portion.Best of luck.

You don't want to be unable to complete a transaction because the investor-buyer wasn't able to secure financing.

With tremendous equity, positive cash flow, security against the property, and a pre-signed quit claim deed, a PML answering the call to action on this one could receive good short-term gains!

Once the land is entitled to build you can secure financing to purchase the land & start construction at the same time.