This could change your combined loan to value which may have an impact on the bank's ability to give you the loan (according to their guidelines).

That gives the seller the ability to sell the note if they want rather than wait 7 years.Otherwise a combination of both conventional and hard loan could be done if you can qualify and structure it properly.

Hopefully we'll hit the right combination and ride the next wave.

And I like the returns, I like the idea of sharing in the profit too, now to combine those two ......I hope I keep seeing more creative brainstorming what if ideas being shared here.Just my .02Rick

Will you fix and flip, rent, or do a combination of both?

It's very old and needs replacing, but is fully functioning.

Why is it from recent experience lenders get upset when you are reluctant to provide your personal data for them to run credit checks without the courtesy of first answering your questions such as do you offer energy efficient mortgages combined with an interest only payment option or conventional mortgage with another option of green features to insure you are not throwing money to the wind long term down the road.

Surely combined, the people who have read this know more than 2 hard money lenders.Come on folks -- give us a hand and help your local hard money lender out by sharing them with us so we can get them all set up in our list -- there is no cost for lenders to be added; we want this list to be complete with everyone to help the investors out here.

I then plan to save the cash flow and combine it with my savings to then purchase a home for myself and down the road purchase more income/investment property.

I would look toward this strategy maybe in combination with paying off any consumer debt you may have.