@Nick AmDepreciation is a ZERO % interest loan.  

Hi @Vincent Plant,You've gotten some great advice on what to look for in a hard money loan.

Right now, the best offers around me are for some 1.3-4 million, that only generated around 100k per year gross, so there would be a high chance of not cash flowing, and paying money, especially with a commercial loan (these buildings have more than 4 units).I was thinking that although the rental itself does not generate money, I would be able to deduct the mortgage interest, and depreciation from my personal w2 income and would be net positive.

we have to have pre sales my bank will only give me a certain amount of spec loans but unlimited amount of pre sales. its the only way to keep velocity when you have a larger project like us ( 90 homes) We have been blessed no questions about it.. we made some critical decisions when we started that now look like genius moves :)

A non-recourse loan is an option if your SDIRA doesn't have enough funds.

We financed this deal using a residential VA Loan.

A Solo 401(k) may be advantageous for self-employed individuals, offering the potential for participant loans, higher contributions, and no custodian fees, as well as higher contribution limits and the option for tax-deferred or Roth contributions.This post does not create a CPA-Client relationship.

2nd home loan How did you add value to the deal?

I see you did a loan sizing down below on your sheet, but I'm thinking that's on current NOI and not on a 7-year projection.

Bridge Loan: A bridge loan could provide the $150,000 you need until your tenant-free property sells.