Plan well, and don't give all of your business services to one, institutional investor ;).Please feel at liberty to contact me directly if you would like more help and to continue the conversation.

An example of hard money is typically an individual who you do not know, who has money to lend but who is not a bank.

I guess mostly wondering what the better of the 2 options are and if there are any lending products in this situation I'm not aware of.

What you want to ask when you call the bank is to speak with the commercial lending officer or anyone that deals with the banks portfolio loans.

Your partner can lend you the money, secured by some other real estate as a notarized/recorded official second mortgage to whatever LTV you wish (incl >100% CLTV).- Loop in a RE lawyer if it's your first time.- DTI still has to work.

I haven't really heard of someone getting terms like that in the private lending environment in a first deal.

That is where they put in there fees (points, prepaid interest, etc).2. taxes, title fees, state fees3. if they are only lending up to a certain % of the ARV, then you most likely are responsible for the difference between the overall costs (purch, repairs, closing costs) and their loan value.Like I said, without seeing their info I can't tell if that is the reason or not, but my guess is that is why it is so high.

However, when the appraiser, whom BofA hired, came to my house, he submitted the report to my Lending Officer at BofA that I needed to re-paint and fix some of the damages on the exterior of my house before I could qualify for the loan. 

My goal is to have 20 doors via the BRRRR method.Bought my first property in cash, split it in two, rehabbed it and are about to start renting it, have been approaching local banks searching for a refinance mortgage but without any luck since I don't have a W2 or the revenue history (2 years) that the common bank is looking for before lending the money for the mortgage.Can anyone recommend a credit union or bank that can provide an asset-backed mortgage for the property without looking at the personal finance?

Develop some kind of outsized persona.Sophisticated family offices, institutions, and high net worth investors do not invest with sponsors based on their being boisterous, braggadocios, and having out-sized personas.