Having the seller carry a second is not a problem for the first, as long as their business with you is finished and the loan has closed.

It was 50K loan for 6 months at 20% interest.

Almost every realtor has several investors ready to invest at least $2 million in cash.If you’re planning to use hard money loans, agents won’t show properties without prior proof of funds.I’m curious, is this a general market trend in Ohio or just this particular realtor’s approach?

After funding 2,000+ loans across the country I know most lenders will have issues with these 2 things.

@Hank Bank BRRRR is probably want you want to do.Buy, Renovate, Rent, Refi, Repeat.Before you go all in and either find out you don't like being a landlord or you make costly mistakes, start with just the next one.You'll have some challenges with tapping the equity in the townhouse:1) What loan amount can you qualify with your credit & income?

We process, underwrite, close and fund the loan.  

For context, I will be assuming his VA loan at 5.1% and he will be doing seller financing for the remaining equity and sale price. 

Rates are high, usually in the high 8s or low 9s, and you may pay 2-4 points on the loan. 

2nd home loan How did you add value to the deal?

Your loan would be on a different property so no financing on the property you are buying.