I did see that mentioned in a LinkedIn post actually today, the clawback rule. 

However, as Erik mentioned, having a GC license definitely helps with the approval process on hard money loans and can get you more competitive terms as well! 

I couldn't find any threads on BP that mention him in a negative light, is he another charlatan?

Typically, DSCR rates are about 1% higher than conventional loans—not the 2-3% range you mentioned.

Hi @Hassan Oukacha - Being from Texas you would need to either get your real estate license or use an online service like Inestway.com or Propelio.com - both are brokerage websites that offer true MLS sold comps for you.Full disclosure I am the co-founder of Propelio.com, but there are other sources like investway that I mentioned.

My initial thought here was seller finance, as @Ryan Irwin mentioned!

Is this the company that you mentioned? 

I appreciate the feed back from everyone, as financing can get a bit tricky, not to mention complicated sometimes trying to look at all the different ways to calculate how financing can or cannot me more beneficial than your current situation.  

As mentioned if you're concerned, just keep a close eye on your credit profile during that period!

As others have mentioned, you'll need a pre-approval or proof of funds to proceed.