This concept would be ok if you had access to real private money or had the knowledge to set up such a program as the traditional hard money lenders this would be too commercial in their requirements for this to work.

I agree with everyone's responses.Unless you've got spotless credit (730+), most banks won't even waste their time.Reasons to go with a broker: access to multiple lenders (I could say 100s, but that'd be a tad over the top) to find the best rate, credit score doesn't have to be the best, specialization (most bankers do everything, and might not know how to tailor fit a loan to your needs).Obviously my opinion is slightly biased :D(see blog)

You already have access tothe listings and don't need to "team up" with a realtor to help you find deals.An associate of mine who was a lender and is now aninvestor said, "I got tired of loaning money to peoplewho didn't see how valuable the deals were they were bringing to us.

and your wasting your time..hard money is private money, its not the same federal money(conventional) hence the restrictions are not the same..

100% NOO cashout allows you to access all the equity in your property.

Are there any restrictions regarding buildings, ...?

Hello Millhouse, I don't know what market/city your in..I am a wholesale investor in the Atlanta Market, I have access to about 50 deals a month, deals ranging from minor fixer uppers with less then 5k in rehabs, some even have no rehab cost!

I have access to that kind of money.Will get in touch.

Hello,I am located in S.California and looking to obtain expired listings but don't know how to go about this since I am not a Realtor and do not have access to the MLS.

I don't know what restrictions would apply, I also don't know how the bk laws work in California.. your client would need to contact a bankruptcy attorney for that..this of course should be his last option.