No different than if the mortgage amount was more than anticipatedThe assumption here is your purchase price was going to pay off the mortgage and the other liens - If not you don’t cancel closing you let them cancel it because they cannot bring funds to closing

Still, I managed to lock it in for $145,000 by emphasizing how much TLC (and cash) it needed to bring it back to life.

Then I would speak with a land surveyor or civil engineer to get a sense of what it would take to obtain all the entitlements and bring in the utilities, etc.     

With this scenario we both have skin in the game: His work and my materials.

It's pure BS that you're going to pay $15k and someone's going to bring you a $50k profit.

Get a copy.2) Bring your trust documents to any bank and open a trust account in the name of the plan with you and your spouse as the trustees.3) Transfer your existing 401(k) funds into the checking account associated with your 401(k) trust.

I’m not claiming to know it all—I’m here to learn, build relationships, and grow.Here’s what I bring to the table:A strong understanding of leveraging Net Operating Income (NOI) to secure financing and reduce out-of-pocket costs.Experience in negotiating deals and identifying opportunities, especially in the LA market where many multi-family properties are under $2 million.Skills in managing larger properties, from scheduling repairs and upgrades to optimizing operations for long-term value.The ability to use AI tools for data analysis, market insights, and deal projections to help us act quickly and efficiently.I’ll be upfront—my funds are limited after dedicating the COVID years to supporting my family, but I have the work ethic and expertise to find and manage properties that perform.

With your background in computer science, math, and finance, you’re bringing some valuable tools to the table.

Unless we tried a MTR, this might bring opportunity with monthly cash flow. 

-Cape Coral is making an effort to bring on new employees and free up employees to improve permit processing times.