Clarify the proposed purchase
Ask whether the transaction is a direct purchase or an assignment, which party receives each payment, and which costs are included in the advertised price. Give your lender and closing professional the actual agreement rather than a general description of the deal.
Understand the funding conditions
Request a written explanation of the loan amount, interest, fees, draw process, maturity, and property requirements. A prequalification does not necessarily mean a particular property or transaction is approved. Confirm what remains before closing.
Consider your ownership and tax questions separately
Entity structure, retirement-account rules, and tax treatment can have consequences that depend on your circumstances. Get advice from qualified legal, lending, and tax professionals before using a structure you have not reviewed. The website does not offer those services.
Keep a complete cost comparison
Include cash required at closing, ongoing payments, reserve requirements, and likely exit costs. Compare financing alternatives with the same property and timing assumptions. Do not treat projected appreciation, rent, or refinancing as a guaranteed source of repayment.
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