thanks for that info. it is residential and yes i am much more interested in being a lender. in fact with our previous situation i was the mortgage note holder on his current rental. he refinanced me out of that. i did some other investments but am interested in helping him buy another rental. please explain further the 3 month seasoning of funds in his account. thanks again

I am currently refinancing this property and the ARV came in at $975K.

By of example, in April of 2022 I refinanced some newly built housing units at a 5.25% rate.

You should have refinanced earlier at say 5.5% Longterm and lost the 3% terms.  

Hard money for the first 6 months and then refinancing it.

That was refinanced later to very low fixed interest rate and is now fully paid.

This essentially gives me an offer price that will allow me to receive at minimum, all of my money back after refinancing, excluding closing and holding costs.

After you buy the building you always have the option down the line of selling and pulling out your equity or refinancing and keeping the building if it makes sense for you.

The low interest rate on the property has been holding me back from refinancing but a great opportunity has come up and I want to move the equity to the new project.

Would you suggest refinancing or saving to purchase my second property?