Hi there,  I am a new mortgage loan originator, currently onboard with Nexa mortgage.

For example, I work with dozens of national private lenders who fund rehab projects, new construction, and 30-year fixed loans for rental properties.

Any tips to get qualified for this type of loan?

Refinance into a conventional loan at 75LTV. 

I am seeking a private loan to facilitate the process.

Purchase price: $350,000 Cash invested: $10,000 Sale price: $450,000 Bought this single family residence in 2021as my primary residence using a 0% down loan to get in.

I did some more calculations and it seems that I would be able to pay the heloc off  with the extra cash flow if I do the 75%ltv loan at 7.5% interest.

Rather than me saving up for a down payment to use with a Hard Money Loan to quickly purchase a property, I spent the last 2 years trying to balance out my debt from the program and debt from daily life.MY advice is DONT DO IT.

Network as well and go to local real estate meet ups.For funding: you can HELOC, find a private lender to lend you 20% down, find a capital partner, or just live below your means for a little while and save till you have the 20% down (can go higher or lower than 20%, but 20% is generally required for fix&flips & BRRRR loans if not going conventional).

i dont consider not being able to find an attorney a red flag, is just that they're not insured to do these kind of transactions i found out. i'm sure that other investors are doing subject to deals in north carolina and they're probably using an attorney, or this can also be done by you without an attorney, just need an attorney to prepare the deed. as far as the seller is concern, they have three choices when facing foreclosure, they can catch up their payments on their own, get help from an investor to make up the back payments and take over the loan and make the monthly payments until they're able to cash out and pay off the loan, and third,just go through the foreclosure and completely ruin their credit and i mean very bad credit.