However, terms are negotiated specific to each project. 

@Nathan Gesner Yes, I'm fairly confident if we were to hold long term, we'll do just fine. 

Focus on long-term guests, like corporate clients staying 30+ days, because it’s easier and brings steady income.

Prepayment penalties- usually 1-5 year terms.

Knowingly buying into the red just because of financing terms is a very unhealthy way to invest.

Hi All, I'm in need or a reliable tool to use when underwriting short term fix & flip loans.

It might cause me financial harm as I have to sell more stocks and might pay short term capital gains vs long term capital gains.

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?

After the HELOC, it would drop down to about $450 per month.My goal is long term equity and appreciation, and not cash flow.

I'd rather keep the sub-3% rate for now and finance other properties conventionally for the short term.