I was prepaid 1st 6 months of interest. 8 months have passed and no additional payments have been received.

It’s in a trust there’s no mortgage value $650-$700 wanted to take out $150,000 for renovation and down payment on another rental. 

Is it one investor per deal, then they would act as a private lender and that typically includes a note, deed of trust, loan agreement, personal guarantee, assignment of rents and a few other docs.

It is the easiest barrier to entry (best Interest rate and low down payment req).

The payments from the mortgage would cover a loan of this size as 12% interest.  

Down payment, closing costs, boosting credit score, etc. 2) Find rockstar team members that will be your boots on the ground to help you find a great property to invest in.3) If you're considering your house hack ROI.

Hard money usually doesn’t fund the initial down payment but most of the foreclosures are closed using hard money loans.

Plus any miscellaneous payments such as interest, inspections, etc.

Additionally, I am financially prepared to sustain hard money loan payments for up to two years, which is realistic for resolving occupancy issues in NYC.

With multifamily house hacking, you live in one unit and rent out the remaining units to tenants.Why Multifamily House Hacking WorksHere’s why house hacking with a multifamily property is such a powerful strategy:Rental Income Pays Your MortgageWhen you rent out multiple units, the rental income from your tenants can cover a significant portion—if not all—of your mortgage payment.