Although William Silva ghosted me for over one month, as soon as BofA contacted his bank, he blew up my phone with nasty phone calls and texts.

My in-laws loaned us the total purchase price minus $5,000 on a 3% interest rate.

I have been to RE meetups in the past with like-minded everyday investors pursuing similar goals, sharing stories and learning from each other, running through numbers, sharing network contacts, and even doing deals together.

"District South was financed with a fixed interest rate construction loan from our partners at First Financial Bank NA.

If you could do it differently, owner occupied is easiest to get a HELOC on and has the lowest interest rates.  

My question would be is a 6 cap the going rate in the area for that building.

I've been a member of GAREIA for about a year and it's been fantastic - lot of people in that group that are experienced and excited to help the next gen investors.https://gareia.com/Feel free to PM me or reach out to contact info in bio - would be happy to help however I can! 

Here’s what I recommend instead:Offer Value Beyond Price: Rather than just lowering your rates, focus on adding value to the guest experience.

What they will offer you is an appliance package, or closing cost help, or a low fixed rate loan. 

The property will be strictly for investment purposes, not a primary residence.I’ve been looking into two potential financing options:Hard Money Lenders (HML) – I’m drawn to this option for its speed in closing, but I know the rates can be higher.DSCR Loans – This seems like a great option for long-term rentals, but I’m unsure if it’s the right fit for my auction property since it might need some rehabbing.I’m also considering purchasing through a land trust or an LLC to add a layer of protection and privacy.So, my questions are:What’s the best way to approach financing for auction properties?