. $111.20 August Home AUG-SL05-M01-G01 4th gen Smart Lock - https://www.amazon.com/dp/B082VXRND2This is a popular smart lock with WiFi for some folks here.

Would the interest rate change year to year or be locked in forever at whatever the federal rate was at the time of closing.

Specifically, I'm looking for insights on:Finding a reliable hard money lender who can finance the entire purchase and rehab costs.Strategies to present this deal to the lender to increase the chances of approval.Any potential pitfalls or things to watch out for in the BRRRR process, especially given the foreclosure status of the property.Tips on managing the rehab while tenants are already in place.Thank you in advance for your help!

That being said, I fell out of my chair when I was able to lock an individual investor (personal name) using a 1031 Exchange with about 50% down and 800 credit scores at 6.99%.

Some have a fixed interest rate for a short period of time, some have a fixed period for a long time; some allow you to "lock" an amount you draw at the rates of the day (PNC).  

@Ronald MejiaYou can buy in cash and or use a large down payment, 60% for example and you can lock in a rate that cashflows so you can have some liquid cash for unexpected expenses or use that cash for the down payment on the next BRRRR.

Credit locks are pretty worthless, do it to slow down future problems.

I invest heavily here myself with reliable contractors.

He'll have to have his cat locked up on those days.

Come on, the smart money is betting on a dip or if no dip you lock in high yield debt funds at the turn of the rates and investing in small cap areas that need to tighten to the large cap ratio wise.