We've seen this soooo many times in our Detroit market:(Have actually had owners choose not to do business with us because their previous PMC didn't require it - so, they thought we were the incompetent ones.Have also seen incompetent PMCs wiring funds internationally to owners - and these owners not having an ITIN, EIN or SSN!

I'm also a licensed mortgage broker with a lot of fix-and-flip programs, including some that require as little as 10% down on the purchase price, and provide 100% of the rehab funding.

The insurer does not participate in any of the insurance guarantee funds created by California law.

Agents just need to make sure their clients are serious and are going to be able to get funds when making offers on deals.

Let me know if you need any help with funding your next deals.

FHA gets a bad rap because sellers and many agents think it's only for people who don't have the money so if I had 20 percent, but wanted to use FHA, I would present a proof of funds with my offer showing I have more money, but am using the FHA as a financial option so I can get an investment property as well somewhere else.

I don’t completely understand how I could best put my money towards a rental property or fund one with the income that I am making.

Additionally, his credit is not the best, and he has limited funds for a down payment.Any potential options or solutions that may be available?

Alternatively, your sibling might use a 1031 exchange to defer taxes by reinvesting in like-kind properties, though this doesn't directly fund a primary residence.Other ideas include leveraging a HELOC on the rental properties for the down payment, taking out a 401(k) loan, structuring an owner-financed agreement, or a lease-to-own arrangement.

I believe our contract stated that the funds did not need to remain in escrow and they could be released to the builder.