I’ve heard of people getting rehab loans where you put down %20 of the acquisition price and %20 for the rehab and you get much better terms than an HML. Has anyone found a local bank in the Chicagoland area that offe...

In each scenario I could have obtained conventional financing but chose against. 

This can be done with a conventional full documentation loan or a Debt service ratio loan. 

The problem in your case is that banks understand conventional lending and the associated restrictions but have no idea what a private money loan is and how they differ.

Hey everyone, I am a land investor (3 years experience and over 100 transactions to date) who has seen this company in many states but I have never spoken to the owner (even though I called once because I had a lead on a land deal that I thought would fit his inventory and just wanted to wholesale it instead of buy it myself).  

However, the inventory is the piece that distinguishes different local markets from what I've seen in the Metro Atlanta area.https://www.realestatenews.com/2024/01/22/trends-2024-will-w...https://www.realestatenews.com/2024/01/19/inventory-tricklin...

This type of loan product generally will not be available with a conventional local credit union. 

But recently I have been upgrading my inventory selling, all old properties (as old as 1890s), all semi-detached, all townhouses, all rental condos, and all CD properties. 

I am getting ready to purchase my first rental property in Oklahoma City, OK and I’m looking at an home that is priced under $80,000.I plan to put 25% down to get the best rate.I’m from California and haven’t run into this before... but it seems like there are lending minimums and a conventional loan of $60,000 isn’t something I’m finding easily.I could likely get a hard money loan or get a HELOC on my primary residence and purchase the home with cash... but I don’t like these options because the interest rates are higher than a Conventional loan.Besides hard money or a HELOC, are there any suggestions on how to get this smaller loan at a reasonable rate?

Most areas are seeing an increase in inventory back to "normal" pre-pandemic levels, College Station is no different.