This would give a definite buyer in the contractor who would now have "skin" in the game for refinancing from a bank.

This would give a definite buyer in the contractor who would now have "skin" in the game for refinancing from a bank.

The IRS does not care whether it is a conventional loan, private loan, gift from a friend, sale of stock, savings, robbing your child's piggy bank or wherever you have access to money. 

I am closing one in Charleston next month that is the case.. my agent brought it to me.. to make it work there could be no fee up front .. but we will build 3 750k specs and they will get list backs.. everyone wins.. plus they know we are cash and can close.. you need cash in this end of the business.As for small subdivisions we do those in Oregon.. and its quite cash intensive and credit.. we just wrapping up 23 homes and that took 600k  in cash and 23  300k vertical loans.. so you need someone with the cash up front can let it ride for the 24 months start to finish and has the ability to walk into the bank and borrow 7 million dollars in 6 months.. these are doable but usually takes a person a decade or so to get the experience behind them so that the lender will work with you and the investor or you need your own cash.. 

“Ok Great,i am interested and i will like to make a purchase asap by sending a Us bank check from my bank to you via UsPS so please get back to me with your name and address state city and zipcode to send the check out. i will also handle the shipment myself through a shipping company after you have cash at hand.

I'm looking to get a local bank who will hold my note in-house as I build my portfolio which can hopefully turn into a relationship with them.

I have a couple smaller bank contacts I can share with you that would look at this type of deal.

Every paycheck, every bonus. 15-20% goes into your bank account that you’ll use for investments (real estate, Roth IRA, 401k if company matching, Vanguard brokerage account).

Not gonna break the bank, but I think this is as clear as day -- they are responsible for that $920.However, more importantly, only two tenants (of four), were ever on the lease, and only one of the four tenants ever signed the lease.  

We talked to several banks and found one very large bank that would rap the rehab with the mortgage the problem with this bank is they were very difficult to work with especially for the contractors.