I will add that to your question of 10% or 20%, you need to ask yourself whether you need the cashflow or not. 10% down would leave some money with which to buy more properties.

The only thing we can think of is he deals with a lot of international trade and money and maybe it’s OFAC we just get a scripted message every time we talk to someone so we got lawyers involved. 

Has anyone saved money and closed with one of these new upstarts?

I was able to get my money back in using business line of credit without touching or doing anything to the property.

Of course most GPs have personally put in money to keep the deals from sinking.

Well worth the money.

One year after I used that property to pull a HELOC and this year used that money to purchase an off market 4 family property in Clinton for well under market value, which I just recently finished all of the repairs and upgrades on.

funds only go into interpleader after months of sitting in escrow. the court just does not hand the money to the seller either.. if not agreed upon the funds go to the state etc.

But do look at the shiny penny and spend big sums of money to learn.

It would be a tight budget but I do have money set aside for repairs.