Home 1 is ideal for a fix-and-flip loan to fund the remaining $90K, which I can help you evaluate options.

I don’t have a loan on the property and hold it cash, but, if I sell it would lend the profits as hard money and earn 10%+. 

There are likely work arounds and you will need to discuss with a loan officer.

I put a new build under contract early this month, and are now working on the loan with a credit union.

We process, underwrite, close and fund the loan.  

If you create or fund an IUL instead of paying cash you can then get a loan on the IUL.

There you will be asked your criteria and then after answering a few questions you will be matched with 3-5 agents or loan officers in your area.

@Brian Rocha It’s clear why most lenders insist on including rehab funds in the loan, and all of our partner banks follow this practice for fix-and-flip loans to minimize risk and meet securitization standards.

Two things I remember that probably don't happen today: -First property was a no-doc loan, technically low doc because you still had to provide information but with 30%+ down pretty much anything you wanted was yours.

Deductible expenses include renovation costs, loan interest, and holding costs.