There was an article published in Sept 2024 that showed the average consumer would save over $10,000 by working with a broker vs a direct lender over the life of their loan.

Most hard money loans will not cover rehab costs.

.- Financing: Starting with cash but hoping to secure loans for future investments.

Smaller house cost, lower loan costs.

Here's the breakdown of rental income and expense analysis:1.Annual Gross Income: $25,800 (Monthly rent of $2,150 x 12)2.Annual Expenses: $25,800 * 0.40 = $10,3203.Annual NOI: $25,800 - $10,320 = $15,4804.Annual Debt Service: $10,680 (Calculated previously using a mortgage calculator with a loan of $131,775, 7.25% interest, and a 30-year term)5.DSCR: $15,480 / $10,680 = 1.45 (approximately)

Never used a DSCR loan in the past and have always understood those rates to be higher by a point or two in most cases. 

@Rae Chris, finding a "0% down" loan is hard, if not impossible today, even with your first property as collateral.  

Like I can do a BRRR on 600k property with no cash-flow or a 150k property with $300 monthly cash-flow, but do not have the same investment vehicle, and it is the same cash that is doing both, as for the 600k purchase I'd be using the same 100k towards hard money loan. 

One of the big benefits of buying the whole thing on a fixed rate loan is that one of your major expenses is fixed for a long period of time, including the cost of the land. 

Owner occupied loans have allowed us to purchase properties in markets with heavy appreciation, and potential for huge rent increases.