I wouldn't be surprised they get the same amount and just attract different kinds of people.Account ClosedSometimes I'm tied up from doing other work so I got PatLive to help when I can't answer.

I tie this into a first time buyer workshop we do once per month with our mortgage company. 

@Steve Vaughan- I'm not so comfortable at this stage to have my money tied up and not be able to keep a close eye on it at the moment.  

Rate is tied to LIBOR. 

If you don't have $1k to tie-up the deal, I would imagine you should assign the contract to someone and make your profit up front instead of staying in the deal.  

This was a cash purchase and I plan to finance out after the remodel is completed, so I will have quite a bit of cash tied up for several weeks on this property.I hope everyone is doing well on your projects.Cliff

I found from driving around, saw a nasty tenant house, looked up the owner and left messages on the phone #'s that looked to be tied to the owner.  

@Jonathan Alexander I'd look at it more in the shoes of the note signer: for signing a note and being fully responsible for $200,000, you're promising him $200 a month.  

I am based in the South Bay, so I personally don't have any money tied up in that city because it is outside of my driving radius. 

It tied up the closing for 3 days waiting on HUD to sign off before the title could be transferred.