Hey BP- Quick question, we want to spruce up the cabinets in our rental (they’re the traditional light oak cabinets).

Flippers often do this when they stumble upon a house juuuuuuuuuuust good enough for traditional financing.

So what's the extra risk in my doing a refi to get my cash back vs a traditional loan where that same cash just isn't used?)

Here's the situation.I've found a property I would like to purchase The bank won't loan on it because it needs some rehabI would like to get a hard money loan to purchase it and fix it upThen I would like to move into it and pay off the hard money loan with traditional financing.I'm a newbie, especially to hard money, so help me understand...

Traditionally, rents don't really move up and down much and I really doubt this would be a drastic change.I think the most critical situation today is that there is a lower supply and higher demand in the real estate market now that the economy is doing well.

He is willing to take the risk of losing a little market upside with locking into a tangible asset he owns.I tended to be fairly consistent in annually looking at my portfolio and seeing what had performed, what had not, and re-balancing as needed (based on traditional pie chart models of diversification).  

@Ben Freiman,Any IRA can be rolled over into self-directed IRA, including SIMPLE, SEP, Traditional, Roth. 

I'm aggressively saving money with my wife (her portion goes to traditional investments) whereas mine will be for real estate investing.  

Because the buyer cannot qualify for traditional financing and needs to go the owner finance route, I decide that I am going to sell the house to them for 110k and add 2% interest on top of the monthly payment (I have read a lot about how sales prices can be higher for owner-finance deals, but have also read the contrary).

However you traditionally find more sophisticated and experienced players in commercial...that isn't always the case however more so than single family investing.