1.To extract equity in your property by re-mortgaging if you brought the property with a mortgage is normally not possible, it might be if you have extensive building improvements. 2.Getting a mortgage on a property you own 100% of is usually possible.

We take accountability for our own actions however, in this instance we will not.

In the instance you refer too, this is in florida and I have seen in FL defendants get attorneys fees covered.

For instance, for a $100,000 property, you’ll want to have $20,000 for the down payment, roughly $5,000 for closing costs, and maybe another $5,000 to $10,000 in reserves.

Partner Driven identified the Bayport Dr property through our extensive network and partnerships.

I've heard of rate cap locks going from $40k to over $1M in some instances.  

I’m not sure what sort of extensive “due diligence” you did but clearly you didn’t.

However, our seller wanted to actually identify the property prior to closing - they had extension rights in their contract. 

But he stuck with me I had a 1 mil credit line that they kept in place so I could make money it was on 90 day extensions for 3 years :( but if they had not done that I would have had to give them the keys back on a few commercial buildings I ate 250k negative cash flow on those buildings to make sure the bank got all their money..

Typically when you see "cash only" the agent doesn't believe the property can pass a home inspection which isn't relevant for construction loans in most instances and there are plenty of banks, hard money lenders etc. who offer construction financing on distressed buildings.