Conventional lenders don’t allow a seller second behind their loan anymore, so the structure has shifted a bit, but the idea still works.A good example I saw recently involved a small eight-unit building listed at $720,000.

You could purchase the first one for cash and the second property with a loan.

- Many lenders have foreign national programs, we do a lot of foreign national loans especially in the Miami market. 

On top of that, VA loans are great for buyers but they aren't always attractive to sellers due to stricter property condition and appraisal requirements than other types of loans and obviously they are not nearly as attractive to the seller as a clean, cash offer would be. 

I'm less clear why you try to quickly pay the loan down, to then refi into a new loan. 

Ask for references from those specific deals and call them.About the Hard Money Loan: Non-traditional loans can be full of hidden costs."

I spent a lot of time structuring this deal, getting revision requests, and it was pretty much close to loan docs.  

No credit score loans are possible, but as you noted, the rates are not nearly as good. 

I have been refinancing several of their loans these last 12 months, and used to broker deals to them until they started circumventing.

Generally, agency lenders want:-Net worth equal to or greater than the loan amount,-Liquidity of roughly 10% of the loan amount, spread across the guarantor team.This becomes a gating factor as you scale.