As we tell our investors who participate in the commercial loans we originate or purchase - a certain percentage (about 5 - 10% ) will go into default.

Compared to a mortgage broker that adds on so many fees for the same loan.

I would assume the same applies to a VA loan.

Still hungry lenders throwing loans around.

As far as financing, I have considered  1) an FHA loan with a cosigner, and 2) going off market and approaching many owners about potentially seller financing.Any and all feedback, advice, and info on potential pitfalls would be appreciated!

If so, and you get a reasonable 7% loan on the $375k your payment will be $2496/mo.

Nobody “needed” the internet when it came out, but the internet enabled things that weren’t possible before.For example, there is a lending platform launching soon that will allow borrowers to use Bitcoin as collateral for a loan.  

Unfortunately, Texas has a law prohibiting HELOCs on rental properties and I believe they also have a 70-75% max total loans allowed on the property which cuts into the equity I've built and would only allow for me to access 30K which would make it less appealing to go through the process for only 30K.

I plan to put two duplexes on the property but with this high appraisal is there a smarter thing to do to pull that money out of it or just use it for better collateral for the construction loan most banks will lend on the transfer price within a seasoning period. we face the same issues for land entitlement and development.

Hi @Will Newmiller - I bought my first 3 properties with conventional 20% down loans, using funds from my business and loans from my wife's TSP.