Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

And they'll want you to pay off the loan pretty soon (and usually will you as the rate will probably be higher than banks) so there's that too.For this reason, we definitely prefer private lenders as they will (if you've built trust with them) often lend on the rehab too.

You would need to let them know you are 2nd lender and want to pay the loan off.

What would be my best approach, I assume find a private lender and work out some deal with them.

I reviewed Rent Redi, Appfolio, Buildium, TurboTenant, and Yardibreeze.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

By reducing the principal balance, your lender recalculates your monthly payment based on the new, lower balance.How Does Mortgage Recasting Work?

But, the seller will never close a sale until the buyer releases that claim and withdraws the affidavit because a new buyer's title company will not issue a title policy and the new buyer's mortgage lender will not make a mortgage loan.Its not worth doing in this case but when real money is involved it is pretty effective.

One requirement for this loan product is that the rehab must be completed by a licensed and insured contractor approved by the lender.

I was also going to ask if you'll have access to the property - many lenders will require an appraisal.