I’m in an east coast beach area where it’s been traditional for guests to bring everything - linens,TP, paper towels, dish soap, cleaning supplies etc.

What are the key differences in approval times and application processes between private money lending and traditional bank loans?

We applied for a traditional cash out/refinance on the investment property but were denied because she's only been employed at one job for 1 year and 2 months (they wanted 2 years).

As a hard money lender, I specialize in providing fast and flexible financing solutions tailored for investors like you, especially when you’re looking to move quickly on a promising deal.Whether you're interested in fix-and-flip projects, rental property acquisitions, or other investment opportunities, I can help you secure the funds you need without the lengthy approval processes typical of traditional loans.

We’re one ofthe few property managers that require W-2’s and a bank statement and we go way beyond the traditional, “income must =3x rent” qualifier.Below is more information about what our Applications Department does to screen applicants and find the best tenantspossible for your property.Required InfoWe require the following from each applicant over the age of 18, that is not a dependent of anotherapplicant (as evidenced on a tax return):Copy of acceptable state picture IDRecent YTD paystubRecent W-2Recent Bank Statement, all pages, no info blacked outRecent tax return if self-employedApplicants are often slow about turning this information in, asking us why we need it and then takingseveral days to submit.

It's because they are looking for get rich quick, not buy real estate and wait.

Then why not sell it on the open market to a traditional buyer? 

Everyone starts out with zero experience.Like many others, I read "Rich Dad, Poor Dad" then saved up some money and bought a property with zero experience or understanding.

But he will still be a very rich man. 

I see them as huge opportunities but not talked about a lot.Well REO's have gone down to to lower foreclosure rates. drawbacks are banks are very low and non responsive, unless its not a traditional bank and a private lender then you could possibly get a better deal.