Buying wholesale deal with private money lender

[Harry Lippincott]

Hello all,

Looking for thoughts opinions and suggestions. I'm looking at two quality wholesale deals. Wholesaler is listing as fix and flip with what I believe to be inflated ARV however properties appear to need very little work. So to me they are not ideal fix and flip because I don't see much of a profit however they do look like great long term rental deals. I think there is some equity in the deal at the purchase price. Wholesaler wants cash buyers so my question is…. Can I buy with private money lender and then refi with conventional loan post purchase? How long do I have to hold it with initial private loan before I can refi?