Hello. If I'm assigning a contract where the seller is in the notice of default stage, is it ok to allow the end buyer to use financing, e.g. hard money loan? Also, if the seller is in notice of sale stage, should I o...

You also need to ask if there is a pre-payment penalty and after how many months it drops.Last but not least they all want to see some experience, verifiable track record, etc.

There are way to many tire kickers that that reach out about Cleveland and over 90 percent don't do anything.....that includes the bigshots that claim they don't need a pre-approval because they are "supposedly" paying cash. 

Would probably start with a project that doesn't need a ton of rehab so you don't get out of your skis.

If you run across a good opportunity right now and do not have a pre approval, you cannot make an offer.

I am still in the process of putting together a pre-construction estimation sheet.

Your offering is made only to investors with whom you have a pre existing relationship; you can have up to 35 “sophisticated” investors and an unlimited number of accredited investors.

What I am confused about is, if I get a HELOC for 300K and this HELOC has a fixed 8% APR (I would try my best to get a fixed rate HELOC vs variable), and I (for example) then buy a 150K house and put down 20% (equals 30k).

I would not take a buyer and have them waste my time if I don't see a pre-approval letter.

Some sites say you need a pre-approval letter, the other side is the letter of intent.With the letter of intent, is that how you show proof of funds?