Cha Yang, short answer is that both depend on what your contract says...1.  

@Leon Yang in show 013 up and moved thousands of miles to Vegas. 

Sam,As to your request Of Hard Money Lenders,I work directly with one.I Will get you in touch with my partner to set up a good time to speak your concerns and what specifically you are looking for and what we will offer you.I will Inbox you with our specifics.We will exchange our contact numbers to further.Kevin Small

Thank you @David Cha Yang 

My name is Xang Yang and I'm new to BP.

@Zamasu Sama there is foundational knowledge here that would be useful anywhere.

@Felix Yang In my opinion just being a contractor doesn't qualify your family friend to be a good partner on flipping.

Hi @Bryan Yang ,You just made one of the best networking decisions available!

Texas in general, for Cali dude, be mindful of property taxes ( ever adjusting upwards), foundation issues, land up the ying yang, funky appraisals and Cali still collects any income tax just for fun.

So there's some yin and yang magic going on here.If you're in escrow for some other mortgage that isn't disclosed to underwriting, how can DTI, and # of financed properties, and other things, possibly be calculated before it's known with 100% certainty if that other mortgage will, or will not, fund/close?