They’re asset-based, meaning the loan is secured by the property itself, and they often have quicker approval times but higher interest rates (think 10–15%) and fees.

I will preface this with the fact that I have a legal background, specifically with estate planning and asset protection.

There are companies that syndicate nearly every asset type in nearly every market in the country.

While rates may not decrease, the significant double-digit increases should level off.

If you have access to someone who is ready to trust you with their asset, do right by the owner and go for it!

By the time you do that 4-5 times you should be able to have a paid off home or excess funds to invest in other assets.

They should be able to teach you about asset risk, neighborhood risk, lay out A, B, C and D class areas, have stats on delinquency trends, vacancy trends, and other variable cost projections. 

At this point since it's after the fact while not totally correct; you may explore adding the missed asset/basis amount as a selling cost to just reduce your gain. 

Or taken in escrow.Free and clear you have an asset, you need to answer some numbers, before you make a decision.

Is this potential $700 cash flowing asset worth it?