I wouldn't want to go into the deal with the wrong method of closing.

@Haran Pradeep chidambaramHey Haran, congrats on taking your first steps.

when I say you lose money its all the money you pay 3rd party professionals to do proper due diligence you get your EM Back.in the case of my situation right now were I have just under 400k in cash out on my Oregon deal.. if I don't close I lose it all.. but this project also will make us almost 10 million over 3 years.. so like I said RISK/REWARD... and when you step up to big land deals your competing against big players.. like my deal I just beat Lennar and Horton to it..

Next steps are to secure a purchase agreement. 

I'd say, the same approach would apply to money raising step - finding the people either virtually or locally and then building the relationship with them. 

If the method of payment for this transaction is cash, assumption or conditional sales contract, the closing fee shall be paid by ___ BUYER ___ SELLER ___ shared equally."

Just choose an allocation method and stick with it (# of bedrooms, # of bathrooms, # of tenants or unit sq ft). 

Feel free to PM me any time if you have specific questions or want help determining the next step. 

It says step one is finding a property that’ll cash flow $10k/year and you can buy for $80k.

HOW TO PROPERLY STRUCTURE BUYING A HOME WITH CASHWith these rules, you can see how it can be confusing to get conventional lending when buying a home with cash but there is absolutely a proper method to structuring your deals when buying cash.