We use a construction loan to build a 4bed 4 bath cabin.

The typical term of this loan is 12 months and rates range from 10%-12%.

You borrowed $388k and you’ve paid your loan down to $384k with your $30k in payments.

Bridge loan.

So I did a 3-2-1 buydown and secured a 2.875% interest loan for the first year of the loan, and it will gradually go up a percent each year until it hits my rate of 5.875%!

They asked me to empty my savings, max out cards and then finally to take out a loan.

Unlike a mortgage the interest on your loan will not be tax deductible.

For smaller investment amounts, we often see investors providing private loans or notes to other investors for their projects, which can offer attractive returns with the right due diligence.

On October 31st Blue Metrix reached back out and said they weren't going to pay off the loan unless they got a greater discount.

Kieran, the best bet here is to refinance with a DSCR loan.