@Danny F. I

I have three personal, unsecured, LOC's, from three different banks that I use to purchase a house for cash, typically a non-financeable REO, pay for the rehab, and then immediately re-fi using the "Delayed Financing Exception".

Again, talk with your bank or multiple banks in your area and see what their requirements are on re-fi's and how to go through the process to see if you're eligible.  

@Andy F. I

I have been working with an investor in North Carolina who has been showing me the ropes and I am now ready to bring what I've learned to Charleston SC. I

If we were able to get this financing my LLC would send Equity Trust and his self-directed IRA the amount of his loan back. 5.If we didn’t get all of his investment back in the re-fi he would get repaid out of the cash flow from the rental income until he was made whole on his initial 70k investment. 6.Once his investment was made whole we would be splitting any profits on a 50/50 basis, including any appreciation and future profits on the sale of the house. 7.If we lose money, he will get 100% of the money we recoup. 8.I would be acting as the property manager and taking 10% of the rent for my duties no matter what.

Still looking for a Fannie/Freddie or portfolio lender who can do 8-10 SFR re-fi loans in Memphis, TN.  

I need to re-fi an investment property near Atlanta and need to find a Mortgage broker

@Blair F. I

I too have a poli sci degree and you're right its pretty useless in this field.