When you go to refinance it, the bank may appraise it lower than you're expecting.

The problem is that I have been self employed for 1 1/2 years and wont qualify for a bank loan.

Yes yes I'm in my third day today is Saturday I am still skeptical a little exhausted and I am trying to understand why I have not retained any of the express information that the instructor has been throwing out there for 2 days maybe it's just me. and I don't understand why I am trying to pull credit to pay for a program that I thought was doable for the $1,147 I spent that was my introductory cost after attending the class on the second day I find that there are advanced classes that they would like you to apply for I'm a little confused so I'm not only using their resources but I am buying into a system that I had no idea that I was getting ready to buy into LOL if this makes any sense please reply note I am submitting retirement documents regarding my 401k bank statement regarding my savings and banking account checking and I'm online applying for a $20,000 credit line help reply thanks.

As far as money, most banks will not lend to an LLC unless it's a commercial loan.

At the end of the year if you bank your cash flow you are looking at roughly 5k where as if you refi your cash deal it has potential to be substantially more cash to buy another at a quicker rate assuming all goes well with rehab.

We had agreed on a price and I had already gotten pre approval for a loan amount that exceeds the sale price but when the bank found out it was a half plex they denied my loan.

Due to impact of HARVEY in Texas, my mortgage bank is offering "Forbearance Plan" for 3 months.

Rates are low now and private lenders are getting less than 1% in the bank.  

Sounds easy enough but the bank doesn't want to play along since this is now an investment property.  

I called several banks to see if I could refinance shortly after purchasing but banks are telling me that they will only give me 80% of what I paid for it, not what it would appraise for.