"I would have never suspected giving somebody who has no money and no experience to buy real estate would not get returned"Clearly Chris Knows giving money to such a person is stupid.

Like "renting to section 8 tenants is actually really easy", "your agent is not on your team just connect with people like me doing hundreds of deals every day and use my team instead", that hood properties will have "15-25% net caps" for beginner out of state investors when in reality they will definitely lose money every month due to the rent not being enough $ to maintain a rental property, never mind all the tenant issues involved with this property class or the difficulty of managing them remotely... but he's done thousands of them just this week while sitting on the beach in Florida... 

That, or an actual recession that causes people to take money out of equities and into the safe haven of bonds...

Short term is usually referred to as hard money or bridge loans. 3-6 months is pretty short, standard is 12 months.

If it is a private loan or hard money loan, chances are that they won't have an NMLS since it is not a consumer purpose loan. 

I've lived through rehabs, flips, short sales and made lots of money on buying and selling real estate.

I am planning to include the estimated property value and the funds that will be transferred into the business bank accounts.

Ideally completing light renovations like this shouldn't take long and you should  have a low holding cost on the hard money loan (if you used debt) and make a higher profit on the sale or have more flexibility on the payoff when you refinance  Plan on long-term and hold.

But it leaves room for the savvy listing agent to negotiate more money for the seller.

Hey Emily,Are you saying that buyers in Austin are using earnest money of 1%?