Pay the down payment and use a closing attorney to draw up a security deed for the seller.

It is a bit more involved than sending mailers out, or paying for ads and sit back and hope it will work.So the real challenge is to figure out a combination of marketing venue (PPC, DMM, SEO), find out a way to track and log, and evaluate the data, and draw your conclusions based on the results and formulate why the results are the way they are.

@David Canecchio Some lenders will loan it and put it into an escrow account and give you draws after periodic inspections.  

What are your terms usually.Also are you guys getting a attorney to draw up docs and help with settling on a deal?

What are your terms usually.Also are you guys getting a attorney to draw up docs and help with settling on a deal?

Many Hard money lenders require you to have enough funds to start rehab yourself then you draw on funds to replace what you spent.

He does the work and I ask for a draw from the HML.

I also just read a few things etc that even said HELOC loans are usually interest only during the draw period

@Daniel LeonardisMake sure you check out Pen Fed80% LTV, 12 year draw, Variable at Prime + 1%,, no closing costs unless you need a site visit appraisal, if you have 3 properties or less including you primary they will put a Heloc on any/all, if you have 4 properties including a primary they will ONLY put a Heloc on the primary.

And for me everywhere I have looked and talked to another lender even told me that during the draw period it should only be interest only and then after that it will be principal as well.