Sounds like this is a private money lender or a hard money lender.If you are getting funds from another source and relying on that to close, you should not put in the purchase agreement that you are buying with cash.

Quote from @Allison Cutlip: Hi all, My boyfriend and I are buying our first home that is a duplex, planning to live in one unit and rent the other side.

Real estate isn’t just about buying properties— it’s about vision, strategy, and partnerships.Let’s build something great together!

Closing in a few weeks or less@Ben Fernandez So, I assume you're buying between $100k-$150k with $50k-$100k in rehab?

Investment Info:Single-family residence buy & hold investment.

Be first position until he gets the construction loan, at that time he then will have the construction loan buy out his PML out an pay any accrual interest and origination fees.

What is your current BUY formula for properties in this market?

Those that preach no/low down payments are mostly just trying to appeal to the masses who want everything for nothing that will buy their courses.

I am continuing to buy residential properties.

It may be more difficult to get financing and a good rate buying through an LLC.