Well coyote did you do a final walkthrough and compare it with the "move in" walkthrough?

Hard money (HM) lenders are a final option.

With all of this being said the facts could support exactly what Bill said above, but there is not enough for me to make a final statement.

If this is HUD, he is falsifying documents (that he has to sign at closing) and it is punishable by a fine of $250,000 and prison time of 2 years.Is that worth the money he's saving?

All good advice ...but keeping the course material on point to add value to your level of expertise in the REI realm will be an interesting exercise.During my Engineering studies we had to take 2 years of a Finance elective (after the required micro/macro econ., ordeal).But the Business/Financial faculty had little to offer other than pure theory so I approached a visiting prof in the Ag Science faculty.

If you're outside the area, I'd love to "virtually" meet you and gather a fine circle of friends here.Nice to meet you!

A finance partner family friend2.

Hey Mike,Make sure you do your homework if they do "gift" you the amount.Unfortunately there are limits on how much a parent/s may gift their children without triggering gift tax by the IRS.The IRS is the last entity on earth that you want to have future issues with.I would seek advice from a tax professional BEFORE making a final decision.All the best!

As a final note, I will be using HMLs to finance my flipping endeavors.

@Mikey Smith I financed my first deal using a loan from a finance company (no co-signer) and the seller carried back the rest.