Refinancing a Totally Deplorable Nightmare

[John Troise]

Does anyone share the frustrating, extremely challenging, deplorable, never-ending paperwork requirements, over the top digging - into your personal finances, just basically a harrowing, disgusting experience of trying to do a simple refinance.....all this for a paltry 130,000, for two properties. To boot, I'm on my second lender. This has been going on for six months. Needless to say, our credit scores are destroyed. (Started around 800) I know this forum is supposed to encourage real estate investment, but I am totally, mentally "DRAINED." I do read where many investors are doing all these deals. Those with cash - God Bless You! I'm sure many do hard or private money. That's OK for the short term, but those 10% and 12% rates really dig into your cap rates, which completely go against the grain of why you invest in real estate! What am I missing? Constructive feedback really, really appreciated! Thanks