Try looking elsewhere, look for hard money lenders or mortgage brokers with private money investors that loan out money from their 401k's looking for higher returns.

I am looking at financing with Phyllis Brown a private lender.  

I am obviously not up to speed on private lending.  

Private money, hard money then refinance (risky), have seller take back note.I'm no expert though I'm sure there are other ways.

Are you an experienced rehabber/ builder, who has more deals than you can fund yourself? How many deals have you had to pass up because your capital is all tied up, or you do not have enough capital available when a g...

Also, labor is inexpensive (if somewhat less reliable than a larger MSA), and I recently reviewed the 20-year plan for Kennedy Space Center which I believe shows some very promising possibilities for private investment in the aerospace business.

I'm brand new to REI and I want to use private money to do rehabs and flips in the Tri Cities, TN area.  

I'll private message you some information. :) 

I would love if fellow Phoenix area investors would be willing to share their referrals (either here or through private message).

So here's my question: If you are in a private deal with a seller, no realtors involved, and the home value is X, but you're able to talk the seller into selling for Y, which is less than X, would you then be able to go get a mortgage using the difference between X and Y as the value of your down payment?