Usually the original owner will transfer you the deposits during escrow.

Originally posted by @Christian Drake:Thanks everyone this is helpful.

Originally posted by

Originally posted by @Attila Bertalan:Hi. 

After the completion of this review, my original decision to close this issue still stands.

.% down of the purchase price and the rehab costsCan be used for primary residence with 1-4 units (could also be looked at as a disadvantage)  When using 2-4 unit property, projected income from other units can be used to qualify 6 months' worth of mortgage payments can be rolled into the renovation budget if the house is deemed uninhabitable by the HUD consultantCredit scores can go down to 600s (lender dependent) DTI can go to as high as automated underwriting system allows (typically 56.9%)Allows you to buy a property in any conditionCan use it to fix minor repairs all the way up to basically a full tear-downFHA 203k Disadvantages: Interest rates tend to be about .25-.5 higher than regular FHA loan Additional costs include HUD consultant fee, inspections, title updates, and supplemental origination fee (Cost of doing business, but this is built this into your numbers, so it's no big deal)Must use a licensed General Contractor for a full 203k or up to 3 specialized contractors on the limited 203k Must hold onto the property for 1 year and live in it. 

Originally posted by @David Roberts:Thanks @Stephanie Potter.  

Originally posted by @Devin Mann:There are a bunch of people advertising on Facebook being a private lender and I asked if they were the same as hard money and they said no ... he said they do 3-5% interest rate and will fund 80% and another guy said he’d fund 100%.

Happy to pay a origination fee and interest or split the profit as appropriate.

This was one of our original goals.