My primary residence still has 26 of 30 year mortgage.

A hard money lender has you sign a form that says that the money they are lending on is not a primary home because they can’t lend at hard money rates on a primary residence.

I have found a few multi-family properties I am interested in purchasing, all meeting at least my minimum cash flow numbers and Cash on Cash percentages, however these properties are about 4 hours away from my primary residence.

My first purchase I used a partner to obtain the bank financing as well as the down payment so I was zero out of pocket on my first 4 or 5 deals (all of which with purchase prices well under $200k.There are many ways to skin a cat so if you don’t qualify for the traditional bank loan, get creative but in doing so, be very careful in using OPM.

Your income is one of the primary items in your qualification. 

We bought a nearby property and moved out.We're now trying to sell the property, but with close to $100k in non-house improvements (well, electric service, house pad, barn/workshop, fencing, etc.) it's a tough deal for a traditional lender to process.

Good luck...Hi @Lee Lockhart, I did not have a traditional contract in place, I did have an invoice from the contractor and he emailed me a target date to get his work done.

If anyone can tell me some areas I should look into or non traditional alternatives to the average real estate agent I'd appreciate it.

I'm currently in an FHA loan, so I would refi to a conventional loan and then come September save an additional 3.5% on an FHA loan for my primary residence to be closer to work.

I quit my traditional job about 15 months ago and work now as a real estate investor full time.