This is because lenders are primarily concerned with the income-producing potential of the property when determining its value.In regards to your second question, it is possible to buy a property from yourself or transfer ownership between entities.

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

I am a flipper and I have borrowed money from a private lender, who I paid loan origination points to as well as mortgage interest.

have you talked to a lender? 

I think that purchase price is pretty close to the minimum loan amount requirement lenders have for conforming loans.

But if you're not in an actual lawsuit tying up your house and your lawyer reviewed your expired contract and said you're clear to sell, then move forward on your lawyer's advice. 

Would I need to contact my mortgage lender to let them know it will be an investment property?

After that or parallel to that, we may pull a "God Mode" list from Investorlift which will have buyers who bought using a lender (as opposed to only cash bueyrs).

I'll add those areas to the watchlist.As a new immigrant, I am concerned about how quickly you can build your credit score to talk to lenders.

What do you usually look for in regards to best practices as a private lender?