There's a really bad idea being floated right now in creative finance circles that you can do that legally using a two step transaction.

Examples:-In a house with a furdown in the kitchen, remove the furdown and the upper cabinets, add in floating shelves.

If you've never had more than a paycheck 'floating' in your account, I'm sorry.

Natalie Kolodij My opinion is not to bank on appreciation and go with sheer cash flow numbers to stay float in worst case scenario.

I could float those payments longer while waiting for cash to come in.  

I can see 4 or 5 full time gigs and you're balancing them all  Children, Military, Clinical NP work, Land lording, property management - which of these really floats your boat? 

The key is that it floats, is not glued down, plus the longer lengths allows for more flex that so far seems trouble free.

Do you just float it out there hoping it's accepted, or how do you set the stage for the offer?

You put the $200K down on the loan and your worst case is you're saving around 4.5 - 5% interest while you wait for a buying opportunity.Full disclosure though - while a heloc at prime or prime minus a little can be had fairly easy that's a floating rate. 

I apologize if that was not clear, as I never mentioned how it was funded.I am actually currently utilizing a hard money lender in Horseshoe Bay, texas on my first ground-up SFH build, so I am fairly familiar with the option and process.My concern here is that I do not have the capital to float a hard money loan at the moment.