That being said, I had to translate a lot of documents on my own for the loan process, so there was more effort involved.

@Jerry Chilimidos I am not a CPA owever my understanding is any loans to your IRA can not be personally guaranteed.

.⚠️ Financing Challenges: Hard money loans carry high interest rates that nibble into the bottom line.Unrealistic timelines: If you think you're going to be in and out in 60 days, you're sadly mistaken-most flips take longer than expected.Real Talk: Is Fix and Flip Still Worth It?

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

  $190k all-in ($131,250 30 year loan, $43,750 DP and $15k in renovations). 

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.

Quote from @Timothy Hero: I've brokered over 325 DSCR loans.

Hard money loan that covered 100% of rehab and 90% of purchase.

Is it because the loan you assume after a cash-out refinance is more likely to be higher than your gross cash flow? 

If you are looking for a more laid back and roundtable type discussion of all things real estate, you are more than welcome to join us every Tuesday morning on Zoom or Thursday morning at Kairos Coffee where we discuss everything from assumable loans, to creative buying strategies, to landlord tenant laws and pretty much everything in between!