try to get money without a bank .

My friend Mike bought three different buildings on two different transactions where he wrote the contract to state 80% bank financing with the owners taking a 20% note back. 

This will not work if you are looking to do a BRRRR strategy, since you are basing your purchase on what a bank will refinance (ARV).

This google docs sheet provides a list of pass/fail rates for different courses, but I figured someone here might have input if any of them are better suited for investors.https://docs.google.com/document/d/16a8x8_N4aO6HVv...Thanks!

So far the local banks are indicating a problem with the quick timeline.

For a moment, try on your creditor's glasses:You'll find that banks are designed to say NO.

Does having the deed give you bargaining power when dealing with the bank to purchase the home?

Refinance as an owner occupantMy other options are to buy a small condo (probably only a one bed) or just wait until I have more capital acquired to get a conventional bank loan...I am so so ready to jump in & will consider any creative financing ideas...I know once I have a property it will be an income generator for me!

The Act requires for any debt collector that is not a bank, or lending or financing institution, to be licensed as a collection agency in Illinois.

When they get experienced enough with a track record they can sometimes get bank financingIn my opinion, a condo conversion is not a good first renovation project.