Please take note that for the next 2-4 years the only thing you will get is $2500- the 20% on the back is only when the house sells in 2-4 years at which time it will probably need to be renovated again and you have no idea if he will sell in 2-4 years.I think you have better luck finding a rental getting a mortgage and renting it out, having a run of tenants then eventually selling the house- At least then you will get the monthly cash flow till you sell instead of $2500 upfront and future money in 2-4 years assuming he doesn't ruin your credit during that time.Sorry that I sound so horrible maybe I need coffee.

A few years ago, we purchased a 5 acre piece of land that already has a foundation and septic, hoping to eventually obtain a construction loan and build a home.

I eventually waited the 30 days got my duns number and all has been well since...

Don't give yourself the "out" of refinancing, because it will suck the profit out of the deal.From the hard money perspective, they would rather you paid them off quickly and they got their money back, than extend over and over again and eventually sink into foreclosure.

-Did you eventually end up growing your real estate business bigger than it could have been had you tried to work 9-5 and do real estate on the side?

I would eventually like to do rehab homes while managing my rentals.

I think things will eventually head in a direction that includes everyone and not just the elite handful.

Its usually up to the buyer to get their credit in order to eventually purchase the home.

We moved it room to room, and eventually set it up to the HVAC intake and had it pumped through the entire house.

Go a more formal educational route in finance and law, but eventually you'll need to revert to 1, or 2. to act on a transaction.