We set a record for our Team, serving 82 families and funding over $32 million in loans this year.We ranked in the top 5% of loan officers/teams in the entire Nation and top 3% in the State of Oregon!!

Also consider all lenders will require to review your insurance when underwriting a loan and it's likely a violation of your existing loan documents to let the properties go uninsured even if they didn't require insurance escrows. 

Initial Financing: Used a hard money loan (HML) with 10% down, interest-only at 10.95% for 1 year.

Im assuming I will learn the markets and what it takes to get a loan ect.

If you can maximize all 3, then you've also created a very wide lead funnel, which is less common in multifamily properties.Maximizing "pets" means you're removing carpet, allowing at least 2 pets including cats and larger dogs > 50 lbs, access to a fully fenced-in yard or walking distance to a dog park, leniency on breed restrictions (depends on insurance, your risk tolerance, due diligence with pets during inquiry phase), pet friendly furniture (e.g. faux leather couch, low pile rugs if at all), etc.

I would love to connect and pick your brain a little more to understand structure of these loans! 

If you are already experiencing slim profits with a fix and flip loan, it will not be any better on a HELOC.

Will you be funding your own rehab or would you need to roll those funds into your initial loan?

My original loan amount is $323K, balance left $319K at 7% and 28 yrs and 8 months left.

Even if you only owe $26,000 on the loan, your payment will still be the same.