it is the folks over using credit cards for dinners and gifts and vacations, student loans, etc. 

The 3.5% has to be your funds or a gift can you call a family member and get some help?

To avoid doing the right thing and paying the realtors less than $10k, he is opening himself up to gift taxes (at 55%) and title problems for you.  

I agree with concerns with collateralization, but to me the bigger issue is limits on distribution of assets section: no "distributions of Borrower's assets--or make any advance, directly or indirectly by way of loan, gift, bonus or otherwise to owner, partner or employees". 

I would use some of the cash earned early on to take vacations, weekend getaways, or small gifts where she could see the benefits it could bring.

No parental subsidies or gifts here, unfortunately. 

We dive in on so many cool topics like entrepreneurship, his beginnings here at BiggerPockets, the power of saying no to get to yes, what it is like to be niche famous, online privacy, how to live a worry-free life, trusting people, kindness, giving and gifting, the power of experiences, productivity, intentionality, fatherhood and much more.Oh, and you also get a chance to witness the dynamic duo back at it . . . what more would you want!

.* If approved for a HELOC, and it is never used, the only cost was the property appraisal.The downsides include:* Requires the basic financial discipline to see the HELOC as a credit card and not a gift card.* In a housing crash the lender may freeze the credit line or demand payment.* The above can be alleviated by paying back the HELOC with a traditional mortgage once the home is repaired.

Often times, these new owners will be desperate to sell their old houses ASAP.Contact mortgage companies; they may know of people wanting to sell their old house/last houseHire bird dogs (sometimes even through craigslist “help wanted” ads)Send mailers to Bankruptcy court listingsSend advertisements, business cards to Accountants and CPA Firms: They have clients with financial problems where an investor can be of help.Send ads, mailers, business cards to real estate attorneysAdvertise “We Buy Houses” using Apparel with Logos: Hats, T-Shirts, Golf Shirts,Send to anyone getting their car repossessed: If the car is going the house isn't far behind.Send ads, business cards to carpet cleaners: Many of their customers are preparing a house for sale.Send mailers to charitable groups/churches: They frequently receive gifts of real estate, but they'd rather have the cash.Send ads, business cards to City & County Inspectors: Code violations and red tags.

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