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The loan is through my bank and I haven’t paid him anymore money until things are fixed.

I want to see improvement in my own community so I jump on this opportunity when I heard it was available.

Since DSCR loans are now a thing, I think it makes more sense to get a 1099 job and scale your income faster. 

They have it setup so if there is any "transfer" of the property deed that they are able to claim the loan balance due. 

Alternatively you could explore a fully pre approved loan commitment to present to the developer and likely still negotiate aggressively.

Hi All, maybe a dumb question: Looking at a potential flip and wondering if anyone combines driving for dollars/off-market with conventional loans?

First home will be with the VA loan so I have to homestead it and then after the first year I am refinancing then turn around and do it again for the 2nd home, but I wont have to wait another year because I will have the rental history at that time.

I’m accustomed to doing properties that I purchased with a loan.

They want us there to improve their community, and it shows.