Loan: Bank Statement, $5,500/month PITI.

There’s not a ton of margin to play with these days when you’re financing everything on a flip on hard money loans.  

If you are worried about out of pocket costs, see if maybe a rehab loan is an option to get everything needed done now and refinance in 3 months when everything is complete.

So they started doing the loans that everyone else turned down, ultra high risk development deals, second mortgages, land loans at ridiculously high LTV, loans where the borrower has none of his own capital invested, 85% of AFTER stabilized value loans.  

Whatever you do, leverage smartly—DSCR loans can help you buy more without draining your cash, and depreciation will handle your tax burden for 2024.

And you have to pay PMI for the life of the loan.

Loan: Bank Statement, $4,300/month PITI.

See if you can do an SBA loan at 10% versus a commercial loan at 25% downpayment.As far as investors:3. 

Then you can immediately put a loan on. the free and clear property and pull that cash out to get close to what you need for the ADU. 

But it wasn't just the video game, he had 3 or 4 monitors, 180 degree view, a steering wheel, pedals, an 18 gear shifter, you name it.