From a leaky roof to a backyard jungle, it was a crash course in problem-solving and patience.I bought it for $145,000, powered through the chaos with a hard money loan, and sold it for $180,000.

We’ve been working towards this for a few years, and it is very exciting to finally see the fruit of our labor!

That window of course has not yet opened due to the fact that the new plan is not finalized.

. 🤷🏼‍♂️ Credit scores can be misleading when screening tenants, as many lack the term loans (like mortgages) that drive high scores.

If that 1% saves you $7500-ish (or whatever the final costs are for the refi), then it may be a good idea.

Quote from @Arshiya Taami: I am planning on purchasing a profitable business with its real estate included in florida and the dscr is 1.85. the problem is im just short of 600k for the down payment. that being said, can anyone provide me any reputable loan companies that will offer bridge loans and what their requirements are. thank you in advance! 

@Brian Rocha It’s clear why most lenders insist on including rehab funds in the loan, and all of our partner banks follow this practice for fix-and-flip loans to minimize risk and meet securitization standards.

Done multifamily, SFR, STRs... and finally found the niche that I love the most and believe has the most potential for decades to come.

But now things are working more smoothly and after finalizing the accounting for last year, I have a better idea as to what kind of profit to expect.  

"A second question is if I finance the car purchase can I also deduct the business use portion of the interest charged on the loan?"