Or would I need a private or hard money loan, out of which I could refinance for better terms? 

I've seen several posts about how you should get private funding from investors, and although I'm not at that point, it would be interesting to talk to those who have actually done it locally. 

If thats not possible B) Get a private lender again just for the down payment and an LOC for the Rehab.why?

When finding a private lender to help fund a deal on a property, can they screw you over and you lose the investment you tried obtaining???

Click the "Store" link at the top of the page and buy the BP books on "Finding and Funding Great Deals", Brandon's "Low and No Money Down" book, and the new "Raising Private Capital" book.

I'm considering using fund and grow or searching for private lenders.  

Funded in part with private money and the balance with investment partners, the project created profits in excess of $200,000. 

If you can put the deal together and find your buyer the financing through a private money lender or a traditional bank that's easy to work with, that's going to make it much easier for you to sell that property and add value than it would be to do cash-and-carry.

Here are some recommendations for you:Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/usersSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: https://www.biggerpockets.com/podcastIf you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

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