Instead, you could explore pulling equity out through a home equity line of credit (HELOC) or a cash-out refinance.

However, they can sometimes be higher due to the additional risk taken on by the lender.With a hard money loan, you typically make interest-only payments during the loan term.No, you wouldn't owe any more interest beyond what has already accrued if you finish the project in 3 months and pay off the hard money loan earlyIt's great that you're exploring different strategies for your real estate investments!

But don't kid yourself by thinking you saved any money here by representing yourself when you are overpaying compared to what most buyers are currently paying. 

Now that was a side of real estate that I hadn’t explored.

Quote from @Jared Haxton: Hi BP Community,I own a 2-bed/2-bath condo in Prescott, AZ (near Embry-Riddle Aeronautical University, hospitals, and medical facilities), and I’m exploring selling it via seller financing.

Lenders often consider the whole picture, so keep building that credit but don't let it hold you back from exploring options.Since you're considering a trailer to fix up, have you thought about markets like East Phoenix or the outskirts of Austin?

I just don't want to sit with an elderly person or their kids and explain my position in that deal. 

The best way for you to figure this out is visit the platforms and explore their free trial (if offered).

It’s great to hear about your goals—wholesaling is a fantastic way to build capital and experience for rental properties and flips.I’d love to connect and explore how we might work together to grow our businesses.

While I own quite a few rental units already, I thought condos might be a good option to gift to my kids when they turn 18, offering them a safe introduction to property ownership without too much risk.However, my challenge with investment condos is that the cash flow always seems terrible.