Private mortgage/ rental property

[Kenny Szymanski]

Hey BP members, Question? If you take out a private mortgage against a rental property does that mortgage show up when you apply for a mortgage will a lender? I am in the middle of the mortgage process to buy a live in flip (170k purchase, arv 260k+) and i have the opportunity to get a Private mortgage for 60k @6% against a rental that's free and clear. Should I take the money or do I have to wait till i close? Thanks in advance for advice