A better understanding for using Hard and Private lenders

[Grayson Grzybowski]

Good Morning Everyone,

I use to be a pro member but have cut back on my finance to put towards my first investment. After 2 years of learning, I have come to realize there is no such thing as "No money down from a lender without and deals under my belt." So my question to all of you is this.... If I get "X amount" saved up to go in with the help of a private lender, how much would they lend me to obtain the property? 

If a loan via a bank requires the terms to be conventional (5% down), FHA (3.5% down), etc. How does it work with a private lender? There is no way they lend the entire amount of the house because a cash out refi would never meet that amount after a rehab. I hope by helping me make sense of this I will have better clarity moving forward and maybe land a deal sooner than later.

Thanks!