However I do have a few other ideas but I would need to know a bit more about your situation, timeframe, overall financial objectives.

And if their both right or wrong-how to handle this situation?

Hey Jack, There are two types of loans investors use in their BRRRR strategy. 1.

Also, have you looked into DSCR loans for the refinacne portion?

A self-directed IRA or 401k can be a great vehicle for loaning money to others without getting hit with taxes on the interest income.

Evaluate the situation to see if you could have done anything differently to mitigate the loss and implement changes to your processes, but know that this happens and hoepfully just not too close together. 

In my situation if I’m earning $18,000 in cash flow from a property my tax benefits are offsetting at least that amount and I’m still paying $0 in taxes so the real estate scenario is attractive to me.

It is not something that you can access immediately, like same day.It usually requires 2 Business days to process loan request.

Loan Origination Systems (LOS): What works best for mortgage and private lending?

Quote from @Guadalupe Batana: Learning about different types of loans is always a smart move, especially as an agent.