@Zach Denny - I agree - chances are the institutional lender won't be comfortable with an owner-financed 2nd and 100% combined loan to value.

Property ClassProperties are categorized by class, impacting their quality, condition, and investment profile:Class A: High-end, newly built, prime locations, attractive to institutional investors.Class B: Good quality, older than Class A, with minor deferred maintenance.Class C: Older properties with dated amenities, but value-add opportunities exist.Class D: Distressed properties in less desirable locations with high risks but potential for significant improvement.4.

I'm very certain no other institutional lender would have done what the local CU has.

Whenever I am having an issue with financing, I normally reach out to local institutions.

Whenever I am having an issue with financing, I normally reach out to local institutions.

No lending institution or bank would be permitted to operate with those ratios.

If you look at the demographics of the city, we’re not growing but we’re rapidly changing”.Large institutional money has not found the Pittsburgh market yet.

(so I hope).I have a whole lot more info regarding my interactions with these institutions and how I've dealt with them if you're interested?

Now purchasing a home with cash is always good b/c obviously cash is king but also I think the part you might've missed is that, the money your utilizing on these home's won't actually be yours, but the banks or whatever institution you used to fix the home or make its value worth more.

For example you own an investment property that does not qualify for institutional financing, and you’re paying 12% interest to a hard money lender.