Rates are typically higher than a traditional cash out refinance, however at least you are not getting the full loan amount + you have the flexibility to draw/tap in the money whenever needed.

You can make SFR work but extremely tough in traditional sense.

You may have a point there, I never believed COVID came from a Chinese bat or that taking an experimental vaccine was a particularly good idea either.

So if you are buying a property the traditional way, using an agent, you won't usually get answers when it comes to the condition.

We have an added layer of stress compared to something turnkey in the traditional sense. 

I didn't know if it was easy to close a SDIRA and roll it back over to a traditional or not if my investment pipeline runs dry.Thanks

You're spot on with how private money lending offers speed and flexibility compared to traditional banks.

Why not get traditional financing for the property?

I currently own a rental property that is financed with a standard mortgage. I plan to sell and 1031 exchange this property in the next 12-18 months. I have a priority credit line on my brokerage account that is now &...

Borrower Types: The Professional - HM Lender will cut sweet-heart deals to keep these borrowers around Experienced real estate investors Regularly engage in property transactions Typically have a track record of successful projects The Newbie - Charge Higher everything as the risk is higher as no experience Novice investors or first-time borrowers Limited experience in real estate Seeking to build their investment portfolio The Deadbeat - Only lend if the deal is so SWEET, they can't lose if they take the property from the Borrower Borrowers with poor credit history or financial difficulties High-risk borrowers May struggle to secure traditional financingThe lender will do an application on the deal/borrower and some standard docs they require are:Hard Money Application / ExperiencePurchase contractARV report – COMPS – See * Redfin*Pictures of Property – most people use Dropbox to shareProof of Funds – Down / Reserves (Bank Statements)Personal identification (ID or passport)But usually if the deal is sweet enough, they will do it anyway because if the deal goes south, there is so much equity/value in the property that the HM lender can't lose.