Unlike traditional banks and credit unions, we don't face the same constraints, allowing us to offer more flexibility.

Maybe we can do seller financing for the $172K and then get a traditional mortgage after the fact with delayed financing?

Hello Ralph,Yes you can used a HELOC from another property as a down payment for a new one, then get traditional financing on the remaining 100K. 

This is one way, but in the traditional sense in private equity, it would be an acquisition fee to the GP, asset/and construction management fee to the GP, and then a waterfall on the exit - possibly include a promote for exceeding expectations.

Theyre great products for self employed borrowers who will not qualify for traditional loans, but there's a premium for that convenience.

I talked to my lender contact and, as Kerry mentioned above, it's pretty uncommon that a traditional lender would offer a HELOC product on an investment property (non-primary home). 

It’s great that you’re pre-approved, but I’m curious why you’re leaning toward traditional lending instead of hard money, especially for a flip?

I've also had guests buy their own TP and trash bags and leave the extra.As for toiletries, I leave the traditional "Starter Set" of shampoo, a little bar soap, conditioner, and lotion  (the tiny hotel bottles). 

Why couldn't the officers in RAD obtain financing for their primary home from traditional lending sources?

Reason why is because FDIC Bankers "Do Not" charge points on traditional programs like primary homes, standard investment purchase and refinance, Second home/vacation homes.Lenders, Brokers all charge points to meet their Loan officer compensation plan (commission).