Now if you've followed things this far kudos, and I bet your feeling some lumps.

I suspect that you'll have better luck with a local bank or private money, though it likely will still be challenging. 

You second property will rip I bet.

They were a hard money / private mortgage lender out of Las Vegas doing about $30 million annually.

Credit unions, banks, mortgage companies and private lenders.They all had the same answer.

Because I am partnering with them instead of simply using them as a private lender, they are getting equity in the deal and splitting the profits with me rather than charging a premium on the interest payment.Im not really worried about the strategy, it is solid with low risk.

I’m new to BiggerPockets and I’m a private money lender.

Cash invested: $65,000 Sale price: $97,000This property was a very early lesson learned in private mortgage financings for me.

If your goal is cash flow, then your best bet may be to live in it for 2 years, and then take that tax free gain (250k single person, 500k married) and buy elsewhere. 

Hello!Backstory: As some of you know based on previous post of mine I've found my first "possible" real estate deal.  A co-worker of mine is selling her condo (which is not listed on the market) and is allowing me fir...