How does one secure a property under contract without a traditional pre-approval if you going to be financing under a portfolio lender?  

Hi @Daniel Saunders,What you describe (doing saleable bank-conforming loans) is just being a traditional mortgage broker or loan officer.

I am glad traditional loans are not as difficult as I was thinking.  

I have found a fair amount of interest in selling the contracts, but not from traditional note buying sources.  

I was thinking of using a HELOC for short term money that I would convert into a traditional mortgage later, BRRRR model??

We would like to start the conversations with both traditional or non-traditional lenders to stabilize our real estate portfolio growth.

On posts like this one, I find myself missing Bob Bowling.I think the issue is that you understand the ratio to which Cap Rate applies, but maybe not how it is traditionally applied.Cap rate is typically used to establish a present value for a stream of revenue within a set market: NOI of a MF property, in real estate.

However, if you are buying a home that is not in disrepair, or maybe has a renter already in it, or you are getting traditional financing for whatever reason, then an inspection contingency might be warranted.  

You will not get traditional mortgage easily.

You are going to run into many properties that are going to need the less traditional route.