Quote from @Lucas Schlund: @Ty Coutts What method would you say is better for a beginner investor, using max leverage on your first deal, or using more cash upfront to put more equity into it?

The GP was so open and transparent every step of the way with the different types of insurance that were essential, adjusters, replacement cost, debris removal, code upgrade, etc.

Just curious if anyone else has done something similar and wouldn't mind hopping on a call to walk through next steps. 

There a few other advantages of this email method. 

If lenders would consider a 2-3% buyers agent commission as part of the purchase price and LTV based on this (contract price + buyers agent commission) we can end this Byzantine step of the buyer’s agent having a separate agreement executed with the seller for the seller to offer to cover the buyers agent commission.  

I think it’s disingenuous for a guru to claim they created a new method that is “revolutionizing” real estate lending, when it’s actually just rebranding something that exists and charging more for it.

If the properties were placed into service in 2022 or before, you may need to file form 3115 (change in accounting method) to factor in the 'updated' depreciation schedule from the cost segregation study.Best of luck

Hi Everyone,I am currently lost on what next steps I should take next.

Quote from @Garrett Brown: Hey Kyle, you are taking the proper steps by switching in the long run.

DSCR works pretty cohesively with hard money, especially when you use the BRRRR method since it allows you to increase leverage on the back end refi.