The cost of the rehab is my financial responsibility which we estimate to be equivalent to his investment (40,000).

You are refinancing at the same rate and term as the acquisition loan, which defeats the purpose of refinancing.

. @ Michael - Super helpful response.

Thanks so much for the responses and insights!

We get covered up with responses, and you get to do a little screening of the interested parties by checking out their pages.

For all intents and purposes, marketing "pre-delinquent" accounts is targeting ALL of the homeowners who WILL go delinquent, and SOME of the homeowners who will pay their tax bill just before the deadline.The advantage is being first out of the gate.

I will be writing about the deal with details in a separate post once it goes through.Many apologies yet again for the very late response and thank you so much for taking time out to all of you!

Their support is clearly off-shore, as you don't get a response for up to 24-48 hours.  

Just wanted to say Hi to all.I keep hearing about the opportunity to use private lenders vs hard money lenders for the purpose of fix and flips but it all seems to be hoops, red tape and flub (from other sites)...

I wrote the above for informational purposes.