. :-)I originally requested $20-25,000 in funding preferably cash.

Keep in mind that lenders typically won’t fund the land purchase so this will likely have to be done with cash.

Because of another deal I am financing I dont have the cash on hand to do the deal and while I have the equity to do a HELOC, I do not want to apply for the Heloc until my current deals funds. 

If they had bought using HML this wouldn't be an option and the seller would have needed to shortsale or bring cash to close.

It's a pleasure to be a part of the community and appreciate any and all tips and help I can receive.With that being said I'm looking to begin wholesaling in the San Antonio/Austin TX market and currently looking to meet and work with cash buyers that share similar goals. 

They are absolute cash cows, but you can't qualify with a second home loan since they are only for SFRs (Freddie guidelines in the link below)https://guide.freddiemac.com/app/guide/section/4201.15

Purchase price: $110,000 Cash invested: $88,000 Woohoo my project is finally finished and is listed for sale!

I have been saving since I was 14 years old, and I am on Track to buy my first Duplex (house hack) while still being a senior in high school with my Parents cosign, I turn 18 In a few months.

Hey guys, So I have saved about 30k I’m 22 years old living in New York.

If they didn't, the seller could foreclose.So, you could either:1) Buyout the middleman with cash and assume existing LC2) Write a new LC with the middleman and leave the existing LC in place, but include language that requires proof of payment to the underlying LC.