All Forum Posts by: John Braden

I understand what you are saying, but this is a legitimate local private lender that we have closed transactions with - not transactional funding. The proof of funds letter was accepted, however they actually will not let us close with hard money even if we show cash. We can only close with conventional financing or cash.

We have been buying short sales for investment purposes, primarily fix and flip. We just got a rejection from BofA and the reason given was that we had a hard money loan, and they will only accept conventional financing or cash to purchase the property. Has anyone ran across this, and is there any resolution?

Has anyone had any success getting a property under contract in a community that requires owners to be 55+, either to wholesale or fix and flip?

Has anyone had any success getting a property under contract in a community that requires owners to be 55+, either to wholesale or fix and flip?