-Ben

Ben L.Welcome to Biggerpockets.

-Ben

thanks for the info mark and Ben.  

I've recently been diving into the world of real estate investing, trying to familiarize myself with the terms, different financing options, etc.I have a question about the strategy I've been reading about wherein one gets a private lender for a short-term loan (say, 1 year)  at a high interest rate (say, 12%) and then refinances the home to pay off the lender at some point during that year.I assume that a) the borrower is going the private-lender-route because he/she can't get a traditional bank loan and b) when the borrower goes to refinance, he/she is seeking a new, traditional (i.e. bank) loan.My question is: if the buyer couldn't get a bank loan to purchase the house in the first place, can he/she count on a bank being willing to refinance after 1 year?

Hi Ben, I'm in the beginning stages too soaking up as much info as possible.

Hey there @Ben Ballinger.  

I'm sure that @Mindy Jensen  @Chad Carson  @Brian Davis  @Brandon Turner  @Sterling White  @Jered Sturm  @Ben Leybovich  and the rest of our contributors will provide similar feedback. 

Ben's course on creative financing and valuing real estate was an incredible help on how to structure these kinds of deals for me.  

Hey @Ben Ballinger thank you!