Can you use a hard money, private, or transactional loan on a free & clear property, such that you then apply to fnma or fhlmc as a rate & term refi of the private loan?

If I could find a private investor to loan at a low cost I would do it, I just haven't developed those kinds of relationships yet.I could get money to put roughly 40% down but I'm not sure if that would help.

When I very first started looking for private financing, I thought this way.

I couldn't have purchased myself for less than what the wholesaler was offering it for.If you want to focus on selling to buyers with MLS access, target private sellers and FSBOs...

I have a MI LLC with a foreign investor as well...we formed it about 6 months ago and just recently purchased one property with a 60% LTV loan from a private investor.

How can I get around this issue if I am using a private lender or a hard money lender?

http://finance.yahoo.com/news/foreclosures-draw-private-equity-u-150127753.htmlmost of you probably already heard of this in the past months and it looks like it's going to happen pretty soon. as a newbie in REI, I'd like to hear what the experienced player's opinion on this. couple of questions I can think of. 1.

I seriously think that some landlords (mainly talking about typical private individuals here - not larger management companies) forget about the basics!

We:1) Sold one rehab property2) Repaid two private loans3) Got back on schedule with a rehab projectDuring February our goals are to:1) Sell one rehab property2) Get two purchases under contract Great thread idea!

I use private lenders, and have had luck with having it considered cash, but I submit my lender's bank statement with a letter from them stating that I can use the money with no appraisal contingency and that it can be wired with 72 hours notice.