I'd look at a conventional lender @Jerry Padilla He's done multiple deals for me and his bank offers soft money loans with 30yr AM's.  

I have a deal that I have been working on from a wholesalers that the numbers seem to line up a little to well.  

Is it a soft-story building?

Also I believe the legislature amended the law later to create a "soft" exemption for people who originates less than four mortgage loans a year.

If you have a 620+ mid FICO, you can qualify for a 'Soft Money' Loan andrefinance your property at 50%LTV.

I am interested in a trustee sale with $1.1M due to Wells Fargo.  

Basically anything on the west coast is over priced in the upper 60's to 70's and all the crack addicts wanting to buy deals in CA will go as high as the 90's of FMV depending on value and area.Often times, my bids are soft bids until I have a realtor drive by or put eyes on the assets.  

Here are the numbers:$74,000 Price including all closing costs$13,000 Rehab including soft costs and last years taxes of $2,050$116,500 Sold (on market for 7 days and set a new $/ft high for area)$24,120 Profit (after all closing costs and commissions)I purchased this home site unseen in Alvarado, TX, which is just south of Dallas and Fort Worth. 

It was a bad idea it is a really soft particle board type of product.  

My biggest concern is not being able to list the home until early April due to Wells Fargo's regulation.