If he owns entire neighborhoods, you can bet he's not a novice investor, so you better have your act together before approaching him.

i got a credit card that offer me bet 10-25k loan (unsecure personal loan ) at 7% interest rate to pay back for a period bet 4 to 6 years.

Also, let's say if I'm unable to sell the property or refinance it with a bank, what happens then?

Your best bet is to talk to family/friends/co-workers and ask them who they have use in the past.

I am considering purchasing a property at a tax auction in the next couple of weeks and I am wondering if anyone has any idea when I would be able to finance the property. In the State of Michigan, I am required to p...

Must refinance by 3rd year.

His plan was to refinance immediately so he could leverage his cash and buy another rehab.

So, lets say I was able to locate a a decent retail or apartment with some value add play and I was to use my private lender to fund the deal; would I be able to refinance with a local bank as long as the income from the property was able to support the debt?

Probably your best bet is going to be if you can find someone that will owner finance you.

If you don't keep an eye on your property managers, they will do things like cut corners on upkeep to make profits look higher and then you will get stuck with a big money repair down the road.Maybe your better bet is commercial property with long term NNN leases.