1) 20% down will allow you to do a conventional investment loan, but you will have to either:- Qualify with the new payment + your current payment- Lease the property out, allowing the lender to use 75% of the monthly rent to offset the mortgage (confirm with a lender).2) You could also do a DSR 20% down loan, but the interest rate will be much higher than conforming rates.3) If less than 20% down, you could:- Do a 10% 2nd home loan as long as the new property is at least 50 miles from your current home or near a qualifying vacation spot (confirm with a lender).- Do a 5% down conventional mortgage if you plan to rent out current home and live in the new one for at least 12 months.

I am also a lender, with Chase Bank, but want to expand my knowledge on hard money and private financing options.

I would check with Dennis Kahn at Homestead Mortgage or another popular mortgage broker here, Zach Starnes or there are several other lenders that can re-fi off appraised value much sooner than 1 yr.

I have units without washer and dryer and they rent fine but I found myself showing to people who really wanted the washer dryer way too often so I do put that in the ad and review it again on talking to them.   

STEP 1: Go to the top of this page BUILD YOUR INVESTING TEAMSTEP 2: Click on AGENTS (for your deal finder)STEP 3: Click on LENDERS (for your lenderSTEP 4: Click on PROPERTY MANAGERS (for your property manager)STEP 5: Ask those property managers & agents for contractorsBOOM.

Quote from @Jonathan Chan: I used my Mom's to help her retire by becoming a lender on real estate projects, but curious to see how others are leveraging their SDIRA.  

Let’s just say the hard money lender became my best frenemy for the duration of this project.

These are also the banks that are more commonly relationship lenders and will allow your originations to out pace your balance sheet if you are consistently able to execute on the projects they fund for you.

Need a lender who understands that clean title will only occur on the day of closing.

Hard money lender