Private Lenders and Long Term Financing

[Damian Mandina]

I am new to the real estate investing world, but I have a few questions about private lending and long term financing for long term buy and holds.  So I have been listening to all of the pod cast and hear multiple people talk about getting private lenders to supply capital for aquiring deals.  How do you get capital for buy and holds?  I am assuming that the private lending is short term to just get the property?  Are you using long term financing from banks or mortgage brokers? 

[Curt Davis]

@Damian Mandina

I purchased my 20 properties using hard money.  I use that money to purchase and rehab the home and then I use my bank lender to refinance the property, pay the private lender back and then get the bank financing in place.  

I dont hear of too many people using this method but it can still be done. 

Good luck