A lot of the calculations I have seen have not yet taken into account how tax law changes will affect their bottom line. 

Originally posted by Account Closed:Can u do an onwer carry then find a new buyer at 1400 a month and sell it to them owner carry, and keep the spread You can't sell something you don't own.

In NE Florida, jax, all auctions have gone online, 5% down, 95% rest is due noon the next business day, via cashiers check, bag of cash maybe..the big boy players store their 100% full cash with the court account already....ive also heard local escrow account will wire that morning too, which makes sense, .......Im interested in auctions, but until i am 100% all my own cash, i feel it is almost impossible to get a hard money lender to move 95% of the cash by noon the next day...no way.... to me, you can pretty much rule out using hard money all together to fund online auctions...they don't seem to go together.. it is 100% liquid own cash or private money ready to wire from escrow..

Also you might make however many calls you need to make sure you're exhausting whatever equity (or retirement accounts) you have available.I bought my first house with some % of my 401k for the downpayment. 

I did cancel my mint and personal capital accounts.

Account Closed I was just speaking about this with my lender, who is also an investor locally in the Chicago market.

You have not accounted for things  and your barely making money as it is . 

You don't give the client earnest money, it goes into an escrow account to be held by a third party. 

This should be deposited into an escrow account you both control to manage rebuilding the house.If you are not listed as the mortgagee, then you might be screwed.

@Michelle EthertonWave for accounting, pm statements and cpa for taxes