From what I've read, there is absolutely no way to obtain proof of a second offer, but I would like some input from everyone in this community.

@William T. , I could envisage myself doing a partnership on a long term fix and hold.

t's great to have you here!

Your requirement to use their money can stem from your business model an leverage that isn't available conventional with the number of properties you intend to work with, the cost to obtain financing is less costly allowing the seller to receive more down, and allowing you to obtain future financing for operations are just some of the reasons you may require financing.

The CFPB has made it impossible for anyone to obtain a private money loan on an owner occupied property.

True value is actually derived from "what the market is willing to pay - today" and that can only be obtained from buyers.To your success in real estate!

Typically, it is very difficult to get real cash flow with any unit if you pay full retail, thus, a discount is often needed to obtain that goal.

I had a question about obtaining rehab funding. if i got the seller to let me buy the house from them for say $100 bucks with a written agreement that after the rehab was done the profit from my share would split 50/50 would a hard money lender lend me 100% of the rehab costs as long as the numbers looked good.i actually found a lender that would do this they would even pay for the cost to buy the home and slit the profit after the resale 50/50 but i cant get them to email me back anymore. im just looking for another lender to do the same because rehabbing is something i really want to get into when wholesaling doesn't fit the formula. any one know of anyone.

Instead of doing things through my mortgage company the contractor and I partnered.The Realtor brought deals that were basically listed that need repairs or new business.We used a future advance demand note and a construction contract.A few deals we partnered with the seller, obtaining a SWD for a half interest, and special power of attorney to sell, makes life easier with out of town owners.

I am not sure exactly how the tax id numbers work, but those without socials can obtain one.