I am using a dscr loan. what I cant understand, is why are my closing costs so high. above is the numbers on the refi.

I am already have a good lender that has pre-approved me with a DSCR loan so all I need is to find the right market to invest in!

Go to your town clerk, and look up all the information on the loans on the owner and the property.  

I would search for a property that has a low interest rate Fha or VA loan.

Hard money loans will almost certainly not cover 100% of the property’s purchase price and will require a chunky amount down (eg 20-30%) from you.

I am using a conventional FHA loan to acquire the property.

There are tons of loans out there that use just the projected or actual income from a property vs the payment of the property (DSCR loans). 

Consider starting with a few lower-cost flips with a smaller loan-to-value ratio to reduce financial strain.Market Research: Sacramento can be volatile, so I’d recommend keeping a pulse on local trends—particularly in the neighborhoods that have potential for growth but haven’t quite hit their peak yet.

Our total invested into this property is 1.14 million among 10 investors (this amount does include a 250k seller carry loan to be paid off by the 2 of the investors over 5 years).This property was up and running starting December 15 and we have had it pretty booked since then.  

I would talk to some lenders  getting land loans and development loans with no experience is next to impossible starting out..