I worked with Carmen Cipolone of the Simple Loan Group and joined his team as a mortgage loan originator.

Originally posted by @Nathan G.

@Derek Gardner..it's not a bad idea if you don't want to use all your cash for the original acquisition, but it's really up to you.  

Originally posted by @Matthew Drouin:...

Will the servicer of the original mortgage allow a second?  

At the end of the term, 30 years, you either repay the total plus a percentage of the amount of increase in equity since inception or if you sell the house then you repay them the original amount plus a percentage when the house sells.  

Are there Hard Money Lenders that still do Gap Loans with simple underwriting and low origination fees?

There is a significant art to this, and that is why one won't find any standard template for doing such, because each original home style/design best lends itself to different layout potentials. 

He tells me on the phone that he's originally from Poland but all the time, he sounds like he's from the middle east. 

;t=6s If you are looking for more information on DSCR Loans in article / podcast form, sharing this 10-part series published on BP last year in case it also helps!