The buyer may pay off the remaining balance at any time without penalty.2.Late Payment Penalty: A late payment fee of 5% of the overdue amount will apply if payments are more than 10 days late.3.Loan Security: The property will serve as collateral for the seller-financed loan.Hey @C.S.

Assuming plans are needed to secure a permit.

I'd consider real estate debt funds and private lending but that's not on my immediate radar right now. 

Most out of state investors are better off just acting as private lenders, buying low cost index funds or keeping their money in HYSAs.

However, the journey has been anything but smooth, and we are now at a critical crossroads.Despite securing approval for our 42 townhouses, the soaring construction costs have made the project financially unfeasible.

In our view, experience and integrity are by far the most important parts of any private loan.

Was it indeed just locked, or did the latch mechanism fail, which often happens with bedroom sets that have plastic components in that mechanism; or did the screws that secure the latch into the door come loose, allowing the latch and/or the screws to prevent the door from opening...also not an uncommon event.

Metro could have different rent growth projections, however, this is a great sign to see that the area as a whole is moving in a very positive direction.ConclusionBecause of D.C.’s typical recession resilience from the federal government and the large presence of big-name private sector companies in the area providing stable employment, it is very rare to have the opportunity to buy real estate at a discount.

@Justin FondrenIf your credit score is in the 700–730 range, you're in a great position to secure favorable loan terms.

While sophistication of your equity partners (private money lenders) will vary between residential and commercial, the principle of raising private capital is the same.You need to develop your own system which allows a constant stream of PML even when you don't need the funds and/or don't have an active deal under contract.For example; I raise private capital by offering free educational workshops for people with self-directed IRAs.