I am looking to get a hard money loan to purchase and rehab, but don't want to hold the loan for 10 months and then start the rehab.

Should I get a loan or seek private investors?

To find places with high rental demand, good economic circumstances, and room to develop, conduct in-depth market research.Examine your alternatives for financing, including conventional mortgages, private lenders, FHA, VA, and partnership loans.

@Ellie Narie to build a home would require 2 different loans or a "one-time-close" loan. 

So we left the name out of the loan but will include in the title.

If they are financing the purchase with hard money loans, they would need to acquire the property at 70% to 75% of the ARV minus repair costs to maintain that profit margin.

For example, the max LTV on most DSCR loans is 80%, but if you are rural, you will likely be cut to 70% LTV or less (if the lender can do rural).

Once I have located such a property, I buy their property for below market, (instant equity) no bank qualifying, no credit checks, by offering to take over their loan and make their payments for them.

Hi All,I'm hearing that short sell deals are most of the time a bargain since you are getting the property as less than the current loan balance.

Have you looked into non conventional loans?