I shouldn't have to explain why but I will. 5 houses with $100k down won't be $500k, once you factor closing costs & reserves.

On the house.PP: 40KRehab Estimated:40kARV: 135kFMR:1200Wrote up a contract and got it signed with 30 day closing.

The agent will need to close the property down in their software and your friend will need to create a new listings.

I was close, but not close enough to fund the down payment.

However- what if there was another applicant who was a close second in your opinion and they didn't get the house, but they exceeded your criteria- maybe their credit score was 20 points lower.

The goal is to be close enough with a calculator to make an informed decision, based on your risk tolerance and capital reserves (Cash in the bank for variances in the bills or emergencies).Regarding my comment on off-market properties - I'm referring to the buyer who wants to find a "deal" through a wholesaler, but does not think to use a real estate agent/broker, and is either using cash or owner-financing.

Account Closed

Under contract with a public builder and ran into a delay (due to close last November) when the city administration completely turned over and changed course at the exact time we submitted our DA. 

A contract would have legally obligated him to perform.

Since I have yet to be accredited(close, but not yet there), I'm reaching out on here on who is continuing to raise via 506(b) and accepts capital from sophisticated investors.