The technicals (migration rates, job growth, tax situation, debt cost, etc) to work as well.

Private lenders tend to focus more on the value of the asset or project rather than your credit score or financial history.

Trying to cut my losses as the borrower got all her unsecured debts discharged through Chapter 7.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

@Guillermo PerezPositives:- Equity Built: You now have $70K in equity, which is a solid result for your first deal.Cash Flow Potential: If the property rents well and covers your debt service while providing some cash flow, that’s a win.- Experience: You’ve successfully navigated a purchase, rehab, and refinance, which are the core components of BRRRR.Considerations: - Budget Overrun: Being $27K over budget highlights the importance of tighter cost estimates and contingencies.

That may not apply to you, as a financial professional, but I thought I would share the story.Obiously you could re-lever your portfolio to bring the ROE back up, but then you have to place those borrowed funds somewhere that nets a high enough return that the portfolio is ahead, given the drag of the interest and any transaction fees.    

The Seller needs $200k now in order to get out of debt.

Financially I do not need to have it rented tomorrow, I can wait a bit.

There was an onboarding phase, which was mostly about uploading our financial docs and answering questions.

They have no credit history, so you have no idea how responsible they are financially.