Executed Broker Loan Fee Agreement, if applicableAdditional items required to approve, document and fund the loan1.Appraisal Report by an approved appraiser2.Formation documents of the Borrowing Entity (LP1) and Tax I.D. number3.History of property ownership if purchased from a related party4.Closing Statement for the property (or proforma closing statement if under contract)5.Joint Venture agreement (if any)6.Preliminary Title Report with underlying documents7.Geotechnical Soils Report8.Phase 1 Environmental Site Assessment 9.Site plan (with units plotted)10.Grading Plan 11.Architectural drawings with specifications12.Architectural agreement (if any)13.Engineering agreement (if any)14.Construction Contract (if any)15.Insurance broker’s name, address, and phone number (builders all-risk, general liability)16.Independent cost review may be required17.Related Debt Certification (Loans To One Borrower)Notice of Right to Receive a Copy of the Appraisal Report Here is the info to help you out.

At this point, I have my team and now and going into the funding phase, so I will keep you all updated.Best-The Wolf!

In those cases I put the funds into an account that the sub can draw on at the completion of that particular phase.

Has anybody ever had any luck getting government grants to fund real estate projects?

I found a local partner to help fund part of the deal and it ended up not bringing as much as I thought it would.

Leverage isn't magic, it ONLY WORKS when the rise in ppty value EXCEEDS the cost of funds.

The seller will not accept a contract without earnest money and proof of funds.

You could partner up with someone who has assets but bad credit (trust me, they're out there :wink:)... if you're tight on funds it may be a good idea to partner with someone for a house or two.

Hi,I work with Starlite Funding Coast to Coast and we may be able to help you.

I know that some of you are going to think that I should start with something less expensive, but why should i go for a single when i might be able to immulate Barry Bonds!