His bank just informed him while we are already in contract and was hoping to close next week.  

If the loan partner has any other capital available they could pull that into their bank account for the loan and the funding partner could reimburse them right after the loan goes through. 

So far I have 1099, Advertising & Marketing, bank charges & Fees, Capital Expenses (for remodels) Car & Truck, Contractor, depreciation, donations, Employee benefits, insurance, interest paid, inventory assets, job supplies, legal &professional services, loans/points, meals & entertainment, office expenses, Rent & lease, repairs & maintenance, salaries & wages, taxes & licenses travel, utilities.

We provide the tenant buyers with owner financing so they don't have to worry about bank financing.

Take some photos before , during, and after your project, then share with us the good, bad, and ugly.Being a landlord is not easy, but with a team,  Its money in the bank !

@Joshua Lindsey The seller need to call the bank and ask for a pay off letter.

I thank the BiggerPockets podcast and hosts for keeping me motivated and interested.

For Hard money terms, I know a few lenders, around 10-12% If you are you looking for traditional loan terms, many local banks may give you 80%LTV as long as it's more than 4 units, and the the deal fits requirements.

Will your bank even let you hold the property as an LLC.

Additionally, I am currently in negotiations for a three unit comercial/retail property using bank and seller financing.... units five, six and seven... checkwhich means that 8 weeks into the year I was already well past the half way point to my goal for the whole year!!!...