My assumption is that people who qualify probably have other options, like PPMs with groups they know, syndicators they know, private funds and other vehicles that may be more lucrative.

I put 20% down using personal and private lending.How did you add value to the deal?

II wonder if it would stand up in court that they could force you to use their contractual payment requirements on your own Private property.

Following Up + More details: @carolineOur utilities were also opened using an LLC but since the power had actually been shut off the problem mostly came from ICE sending someone out to turn it back on plus installing a new style meter (which had to be approved by our HOA but that was another matter entirely and not particularly difficult).Opening a bank account with BCR as an individual is easy and you can get an atm card in about 3 days but you will be limited to holding only a thousand dollars in it.

Also, if this is something that you are looking for in a hard money lender, you might want to look into more of a private money lending model verse anything else. 

I'll shoot you a private message.

You will find like minded investors, vendors, private money…etc. good luck!

If you can purchase this home with private money or seller financing and get a $110k loan, then you could do a rate/term refi right after so do a 90 or 120 day note to secure the property and get it in your name, then refi into long term debt using the full appraised value. 

First, let's be very clear here.The mortgage your speaking of is a private agreement between the seller and the lender.

@Rennell Goudeau Hi Rennell, send me a private message and we can connect.