You’ve got to follow the rules closely, and that means working with a qualified intermediary (QI) who’ll hold your funds in escrow while you shop around.

The top funding DSCR lenders in the US in dollar and number of deals order:ChangeFairwayAngel OakA & DAcraNexBankRCNStronghillKennedyThey all have reserve requirements that exceed 3 months.

I saw someone post in a group who I think is a schmuck brag about hitting a specific figure for their training and I just shook my head - like wow - this person is a great sales person and just steals the same lines from the business book about working hard and throwing out some slick slogans - but man oh man - when real estate gets hard people move to being a guru - just look at FB ads right now - many are not funds anymore but how to raise money, how to do X.

For those looking to scale their portfolios, now might also be an excellent time to secure funding.

Selling one of the properties is not an option because they were both purchased via 1031 funds from dramatically appreciated assets creating a cost basis of next to nothing on these. 

I'm also open to flipping once I have some more funds on hand as I have some friends here I know that could help me with the right contractors to work with and start to make some money that way to get more properties.

My partner also wants reimbursement of the funds paid for the home inspection.

I store some funds in a HYSA as well as lower risk investments.

To implement this strategy you need to have the full purchase price in readily accessible funds, so it won’t work for the majority of investors.

How do you make sure you have enough funds to pull the trigger on a deal?