Then with that money you get your pay back your private lenders/hard money?

I have worked with hard money lenders and private money lenders since 2011, back then if a borrower had 30% to 40% for downpayment that was all that was needed; interest rates were in 14s interest rate.

I've got an agent who sends me deals, some of which are off-market, contractors who can do the work, a hard-money lender who seems to offer good terms, and a property management team I trust.

@Angel Alicea- should be fine ....get pre approved asap ...if already pre approved - ask your lender these questions :)   good luck

Reasin being is that usually lenders will cap at 75% LTV for a cash out refi. 

If you want to look at something less traditional than just owning and renting the house, think about doing private money mortgaging.

I'm wondering if I need a different contract in each state that I plan to invest in and use a private money lender to fund a deal.

I never consulted with a lender, realtor, experienced investor... no one!

Time spent visiting properties for acquisition2. time spent talking to agent/broker about potential acquisition/sale3. time spent talking to lender on funding deals4. time spent raising private money to fund deals5. time spent interviewing contractors/PM/CPA/attorney/inspector6. time spent communicating with equity partnersI also feel research for potential acquisition should count.

https://www.getaway.co/faqs Has anyone responded to you privately about this option.