The fact that your board of realtors recommends it, or that is how it is traditionally done there, does not make it the best way to approach it. 

Haha, definitely a traditional finance exam question. 

Just trying to get into my second deal and I don't have the cash for traditional financing.I appreciate any feedback, thanks!

Would I be considered an 'attractive" buyer if I had this loan type, or would someone with a traditional mortgage loan be considered more "attractive" to a seller (All things equal)?

Would I be considered an 'attractive" buyer if I had this loan type, or would someone with a traditional mortgage loan be considered more "attractive" to a seller (All things equal)?

I own a few turnkey rentals (traditional) in the mid-west and the lack of appreciation and lower cashflow (due to the PM managing all repairs at a premium) has steered me away from buying more.  

Guidance as come from Court cases and interpretations on many of those items. 3.

After acquiring the property, they can refinance into a traditional loan down the road and repay the 401k or HELOC (plus some fees here and there). 

I work for a wholesale brokerage in Dallas and what I tell my investors to do is buy using Hard Money, fix it up, then refi right out of it into a traditional loan and get some of your money back that way you don't just completely drain your account.

@JoeI don't have good enough credit to get a traditional mortgage, so I suggested this option to my potential seller as an alternative.