Do you get prequalified first like a traditional mortgage or do you lock up the deal first with a contract before you look at private lending.Thank you for taking the time,Chris Montgomery

Eventually the property sat on the market for 4 years before a cash buyer purchased it.You can get a really good deal with those kind of properties because they make it very hard for a traditional buyer to jump through the hoops. 

I also want to say we dont stop our traditional investing there.

Traditional banks have strict guidelines they must follow. 

@Jay Hinrichs definitely a lot of vacations happening....on facebook it looked like half of the agents I know were out of town lol.August does tend to slow a bit traditionally as well while families get kids back to school etc too.Hope all is well Jay.

Traditional IRA is tax-deferred (you pay taxes on distribution). 

This is what it would look like:$40,000 (Taxable account)       $19,049 (Convert Roth IRA to Traditional IRA: this money can't be used in 5 years)I would essentially repeat this over and over again and save tens of thousands of dollars in taxes. 

- yesWill there be a penalty - Maybe, it depends on how long the Roth has been open for and what type of funds are in it (contribution, gains, did you convert from Traditional?)

Turns out I was SUPER lucky to have gotten a traditional refi with them within months of purchase.

Traditional 30 year fixed @ 4.375.