Is this way do-able for winter?

[Greg Newson]

I'm still really new to the investing side of this, I'm nervous with the holidays coming I'll have to set on one a while.

I've decided because of this I'm going to buy a very cheap property in a good rental area, and instead of renting, I'd like to just carry a note. There won't be a lender involved, but I want to be sure I'm thinking right in what I want to do.

I'm paying cash for the purchase, and rehab. My plan is to sell owner finance when it's done. My question is, once someone has the home under contract, since it's technically under my name, can I then go to a bank and finance the home to recoup my money and invest it into other flips for spring?

I just wanted to know if there's any pitfalls in my plan that I'm not seeing? I'd appreciate any advice from anyone whose actually done this type of thing before.....

-stay blessed-