> • buyer (assignee) gets funding yes > • buyer completes sale with seller Yes > • I get paid (pre-arranged with assignee) fee at closing Usually at closing but that is negotiable.

Hard Money Lender will lend up to 70% Repaired Value so if you buy it for 40-50% you can use extra funds for the rehab costs.

I am referring to the situation where the buyer's financing is approved and the seller has met all his obligations, but the buyer does not bring the closing funds nor execute the purchase/loan documents.I know the earnest money is forfeited, and a lawsuit might follow, but what about insurance and letting the insurer sue to recover?

I don't want to hold onto the property nor do I have the funds to purchase the outright.

The mortgage broker sent over a mutual release from purchase agreement that we have not yet signed and were told that we were required to sign to get our earnest money back.

I'm not talking about going through a full blown due diligence check, but just a quick check of the numbers presented to you (hoping they're not proforma but actual P&L numbers) to even see if you want to go any farther.I know about different analysis spreadsheets which i think they're great. but what i'm talking about is how do you analyze the numbers/deal if you were out in the field and all you had was a calculator. what i want to know is:1. what info (numbers) am i required to get to do this quick analysis2. how do i properly use these numbers to make them mean something (like is the deal over or under priced, will it be hard or easy to get funding and etc), so what's the equation.

I'm a beginning investor and i see the power of using private funds but i just don't know the proper and legal way of doing this.now i know about talking to people you know, other investors, and marketing to other high net worth individuals, which all of this i would consider the first step in the process.the second step i'm guessing some will say is working out the agreement/financial details with the your private lenders once they say they want to invest (which i plan on doing all this in step one, letting them know they're either going to invest as a lender or has a partner and this is what they'll get in either scenario)but my questions are:1. when do i have to worry about the SEC?

All I need is for someone to guarantee that I would get funding if I can get a deal.

I am told but have not verified that some pension funds are deep into Fannie and Freddie as well.

Also, what is security deposit in " Certified Funds"????