Hi Charlie,We can actually use the purchase price + completed rehab (Total Cost) as the value and lend you 75% of that right away.Happy to connect!

ITs certainly in the ballpark but I think you can do better most likely - especially with your experience of owning five rentals - certainly some options here on BP to shop around - but the rates and points seem a tad high - you could probably secure something with both a lower rate and origination (and potentially no appraisal cost as some Hard Money Lenders don't require them)

It's an overlooked expense because it's an "invisible" but REAL cost. As

Additionally, like you mentioned you would have to refi out of FHA to get rid of PMI and the cost of the refi probably wouldn't cost a whole lot less than the different between 3.5% and 5% down! 

Exercising may cost a little money, but it places you in a much safer position.

This service is an additional cost as referenced in the following Service "Discounted Operations Team".

People told me I could hire someone to help setup QB for my rentals but this would have cost a couple grand.

Thank you and to me Costa Hawkins applies because we have a certificate of occupancy that has been issued 2 years ago.

I’ve had this happen in a similar market propped up by foreign investors and tourism (Costa Rica) and luckily was able to wait out the down turn but there can be long periods of time in this type of market where properties just aren’t selling at all even at a steep discount.

This limit is harder to determine than Replacement cost as it depends on condition, market value, etc.