Still, LendingHome could be a good source of bridge funds to get the property into your name with slightly more lax criteria than most traditional banks and lending institutions without crazy-high rates and fees.

University and college housing is a good investment to start with, verify that the students pass background checks and have a guarantor for each one, some institutions also require first-year attendees to dorm at the university (Harvard, MIT, etc.)

However, if it's a larger bank/institution, you'd likely just have an agreement to pay the mortgage to the seller and they would need to turn around and pay the bank.

Even if you get the secret or discounted rate, if you only get rates from one financial institution, you may still be paying a premium compared to other lenders.Suggest some good brokers who can help me with mortgage renewal in Canada.

Listed: 59,000Comps: 75-120kProj ARV: 105,000Proj rehab: 20,000Max offer: 53,500Total invested: 73,500Proj profit: 31,500https://www.redfin.com/IL/Dixon/701-Institute-Blvd-61021/home/63165982How far off was I?

Large institutional money ie  Blackstone and others also tended to follow those same trends making it harder for smaller investors.  

The FDIC institution directory lists 7,607 active banks.

For every $1 of property out there, there is $20 chasing it. 2) Most of the institutions are in a holding pattern waiting to see what is going to happen with the PPIP program.

Do you recommend getting those POF letters from transactional funding companies or do banks want to see letters from well known financial institutions..??

This is done for several reasons but it limits risk and actually makes the money more accessable.Building a relationship with more than one institution is very important because no one bank can always meet the needs of every customer.