The other issue or challange is do you want to build a Spec house or a Custom Home?

as @Steve Babiak said, it's about the local customs of getting a bad tenant buyer out, NC has issues too.Use a lease from ur Realtor Assoc and an addendum , and a separate option.

I've got a few private wholesale deals right now and I'm always looking for more to match other buyers' needs.

I prefer to do this type of referral in private because there are so many folks who would say I referred, and when I next speak with that attorney I have no idea who the heck they are saying I sent their way ;)

What are common uses for using private money funds?

I'd like your advice on my thinking, and would also be interested in knowing more about other hard-money/private options available in my situation.Here's the scenario: Project: Upstate NY, 3-unit/12-br multi-family mansion - complete gut, rehab, and change of use from 2 to 3 family Purchased: 115,000 ARV: 375,000-400,000 Held by my LLC, not personally Project Status: Rehab is currently half complete.

Lets see you highly leveraged your money, you raised private capital, you used owner financing, you have great cash flow, there is not much you didn't do great on.

Karyn you are sitting on an endless supply of private money through your connections.

You are almost to the point where you will have to change your financing strategy and either go with commercial or private financing.

Assuming you get a private loan to finance the purchase then do a term refi to get the capital outlay back out it usually isn't a great cash flow place.