Buy an apartment building, rehab the vacant units, and sell property once fully stabilized (with an alternate exit strategy of refinancing with a commercial lender).The acquisition and construction will be financed by private money, the renovations performed by a GC, and the property listed and sold via a traditional agent.  

I have: -$14k in a traditional IRA-$5k in Roth IRA I have pre-approval from my bank for a conventional loan in my name for $80,000 purchase price ($12k down, $68,000 loan).I've searched the forums, but haven't found resolution to my exact situation.

As opposed to a traditional mortgage application where you must get an actual unbiased appraisal done, during a HELOC transaction, its customary for your bbb to conduct a more cost efficient desktop review of title and market data instead.

Will your account be a traditional IRA or a Roth IRA?

Newbie here: Is it possible to do the BRRRR strategy with traditional financing upfront or do you have to have a hard money/private loan?

You could go traditional mortgage to qualify for the purchase, and possibly find an investor willing to go 2nd lien position -- to what LTV they're comfortable lending up-to in 2nd lien position is the question. the higher you go in LTV, the more difficult and pricey the 2nd lien would be. with that said, I have seen 3rd lien positions as well, but not exceeding 65% LTV. 

It's like the lawmakers think every rental property is owned by a billionaire, when in reality most of them are small time landlords who have no rights and can be financially ruined by these tenant friendly laws.Thanks,Christian 

Sticking to traditional airbnb is much more advantageous.Best,Scott

Hello BP,Had a question if you use HML to buy a flip in your LLC, and decide to keep if for yourself later, can you buy from yoIr LLC with traditional bank loan?

It could be the traditional real estate flip, in which a house is rehabilitated and then sold for profit (borrowers in this area are very receptive to private lending).