idk HARD MONEY RATES LONG TERM....

[Isiah Ferguson]

Hey BP,

I'm looking to refi but my DTI is very low. I do not have the same job I had before. I have a free and clear duplex and cash reserves. I've been trying to figure things out and I don't want to have to search for a high paying job to offset my DTI , i don't really want to work. I somewhat came to the conclusion that I can take the HML route to refi my property and scale up that way. As far as my understanding HML are usually high at 8%-12% for 30 year terms. I ran all the numbers with the BP rental calculator at 8% w/ 30 years and i still CF 300+ after all expenses as long as i continue to manage. I think most people would say 8% is on the high side compared to the typical conventional @ 4%. my question, Is there any HML out there with better terms ? Should i scale using HML or should i sacrifice getting the high paying job ? I always thought stay away from higher rates.