Second - a DSCR 30 year fixed perm loan to refi the hard money loan and hold onto long term.What others have replied to is completely accurate - it is hard to accomplish BRRRRs right now due to the DSCR refi constraints (interest rates, LTVs and seasoning periods), however, not impossible.

You’ll probably pay a higher sales price and a higher interest rate as well. 

Besides the failure rate, wholesaling is legal when done right, but most programs teach you to practice real estate without a license which can get you in trouble. 

Looking at my numbers right now...and it's at a 7.5 cap rate and 8.45% cash on cash.

Lastly, while birth rates are declining the # of pet households is increasing.   

I have purchase owner financed at below market rate at retail price.  

congrats @Glenn McCrorey, I'm on the same track of getting out of the "rate race".

Some damage from WDI, which seller will have to address this before close.Seller is paying all closing costs, survey & title, they did a rate buy down to 5.49%, and a year warranty. 

Yes, you should do a rate and term refi, which you should be able to do if the valuation is at least $220K.  

Hi real estate friends,My wife and I recently bought our first home in Co springs area close to garden of the gods and other attractions in the area. to no surprise our interest rate is a whooping 7.1%, the main house has 4 - BD 2 B. our mortgage is $4009. the property we bought has an attached dwelling unit on the side of it, completely independent from the main unit we live in, we are currently renting it out for 2 years for a tenant for $1545, It has one bedroom one bath.My question is what are some ways to scale especially since in the current market (is kind of almost impossible)?