Future Refinancing Strategy

[Marc Izquierdo]

I've been thinking about the future and when the time comes where I will no longer be able to get a conventional loan from a bank.  The following potential situation leaves me with some questions.

When I can no longer get a conventional loan, I have the options of using hard money, cash, private lending, etc.  However, what is my exit strategy?  I know I can (and would like to) refinance out.  But since I can't get conventional lending, how would I get approved to refinance through a bank?

For example, if I buy a property with hard money (because I cannot get a conventional loan), how can I refinance? My DTI wouldn't have gotten any better. Or is this where the "seasoning" period comes in?

Same thing if I used a private lender, how would the lender get his investment/profits back?

If someone could explain this I would appreciate it.

Thanks!