Credit pulls are good for 90 days, so if you proceed with the initial lender that did the pre-qualification within that time frame, they will not need to run your credit again (advantage).As for shopping around for good lenders, I suggest to look for someone that will meet with you face to face, but avoid big banks.

@Jack TuckerSince I have/had less than no idea on this question, I just Googled real estate private money lenders and at privatemoneygoldmine.com it seems the lenders are at 6% to 10%, but I have no ideas on specifics as to length of term and initial down required.I know all the deals I have seen in the Portland, OR area with Owner financing have been 20% down and 6% for 5 years, with a balloon.Also aren't the terms are what you are comfortable with and how you structure the deal?

This page:Eliminating the Prohibition on General Solicitation and General Advertising in Certain Offeringsdescribes what is reasonable:The determination of the reasonableness of the steps taken to verify an accredited investor is an objective assessment by an issuer.

If you can earn anywhere from 18 to 25% on your money, then initially you will have your money back within a short period of time.

Well to answer your initial question Matthew, the big difference is that you cannot double close in Quebec, assignement of contract work and vente sous seing privé but im just getting more familiar with that one myself. 

I will do my best to explain this scenario related to the purchase, rehab, and refinance of a property I am pursuing.Purchasers A, B, and C are partnering to purchase and rehab a duplex (purchase price and rehab not to exceed $90,000 with e rehabilitation loan)Application breezed past initial underwriting as all partners have above 750 credit, stable income, low debt to income, etc.

I imagine quickly answering a series of prompts (address, offer price, financing, closing date, earnest money, etc etc) then having that information automatically put into the contract including all initials, dates, signatures.

Thanks, Dan DietzI would also be interested...the initial buyer is an unrelated & 'arms length' party.

Our initial approach is to focus primarily on creating cash flow.

I haven't heard of any (or maybe very few) that mentioned they played the stock market in order to get that initial money.