Couple of Newb questions about PL.

[Donnell Durden]

currently listening to The Book on Investing in Real Estate with No (and low) Money Down. Shout out to @BrandonTurner! Chapter six. Private money. Raised a couple of questions. In the interview a question with signature Homebuyers Inc was what kinda of security do you offer your lenders they say that give them an insurance certificate in case of a total loss. Is this only in the case of physical damage loss and excluding monetary loss? My other question involved the lender wiring the funds a the time of closing. I thought when purchasing you needed to show proof of income if the lender keeps the money all the way until closing? Newb out✌🏿️