Has anyone ever used a hard money lender to purchase a primary residence through a cash sale and then refi'd the hard money lender out a few months down the road with traditional financing?

- Monthly P&I: TBD (not sure on this either)             - 5 year “balloon” buyer to refi to traditional mortgageMy (seller) motives for selling: no longer want to own, want to free up cash and avoid traditional closing costs. 

- Monthly P&I: TBD (not sure on this either) - 5 year “balloon” buyer to refi to traditional mortgageMy (seller) motives for selling: no longer want to own, want to free up cash and avoid traditional closing costs.

@Gerald Boone Hello Gerald, it sounds like your property doesn’t seem to have enough cash flow when renting traditionally, have you thought about doing short term rentals?

the state diversification is 90% non minority and 10% everything from Black HIspanic Indian Chinese Japanese etc etc.. bad neighbors are just bad neighborhoods.. low income Is low income.. although in the Portland metro area there are no hoods .. probably the lowest crime rate of any major MSA in the country.. 

I am able to provide a 20% down payment.I have the understanding that traditional mortgage lenders usually don't write loans for small value properties.

Chinese tourism is starting to shrink. 

Trying to figure out whether Air BnB or traditional 6-month/12-month leases will produce better monthly cashflow.Very excited about this property as it's located near several Federal economic engines as well as being a 19-minute drive to both Amazon HQ2 in the Crystal City neighborhood of Arlington, VA and the accompanying Amazon Warehouse in Westphalia, MD.

Trying to figure out whether Air BnB or traditional 6-month/12-month leases will produce better monthly cashflow.

How is the process different than your traditional rehabs?