I would close on the deal, and then reach out to your lender to let them know you will be placing in a LLC for protection purposes. 

Hello BPland,Is there a resource I can look into to review templates of a Promissory Note, Loan Agreement, etc. pertaining specifically to using a Private Money Lender for the purpose of covering the down payment and the rehab costs of a prop investment?

Greetings The purpose of this post is to connect with anyone interested in investing in Portugal or real estate professionals in Portugal.I am planning to relocate to Portugal soon..I was born in India and spent my life in..Dubai (2000-2009)Singapore (2010-2012)Mumbai (2013-2016)KL, Malaysia (2016-2019 on Malaysia My Second Home, MM2H)I own several properties in Mumbai, Dubai, and KL.

Sorry you dont see the higher level purpose.

It is about finding a handful of serious capable buyers.I PURPOSELY do not want many buyers because the more buyers you have the more time wasters on your list and the more issues you will face in the future.Most people think that there is no disadvantage when it comes to adding more buyers.The more buyers you have on your list the more chances you have deals will fall through, and failed closings.You just need 16 (or so) buyers with capital ready and a genuine hunger for discounted off market properties.Focus on quality here, not quantity

As always should be the case, one must first look to explicit language in the contract relating to “force majeure,” “impossibility or impracticability of performance,” “ purpose,” and “early termination.” 

Defeats the purpose of BRRRR investing. 

I acknowledge that "vacation home" is not the same as an investment property, but they did consider cap rates as part of their calculations: https://vermontbiz.com/news/20...In case the above link doesn't work:VermontBiz.com Most buyers in our market, however, do not purchase for pure investment purposes, as better cash flow can be derived in any number of other markets - as Mark pointed out in his reply.

For illustration purposes, I sent him $10,000 for a tenant turnover + other miscellaneous work, and he sent me $20K for rents, net of property management fees.

Hello, I am looking to get started in REI but I don’t have the capital needed to buy properties for rental purposes.