I have a question and would really appreciate your input.I’ve done a couple of fix-and-flip projects in the past using hard money lenders, but I’ve noticed that their fees and interest rates significantly cut into my profits.

Currently, interest rates, taxes, and insurance are very high, making it difficult to cashflow with downpayments that are below 40%.

Just make sure you’re comfortable with the interest rate if going either route.  

My main concern is the interest rates being so high now as to whether what I'm hoping to achieve is really even possible. 

Quote from @Jaycee Greene: Assuming you pay asking price, I'd estimate the down payment for something like that using a hard money loan (HML) would be around 40% of the purchase price and your monthly payment would be $2,600 with an interest rate in the low 7% range (probably need a 700+ credit score to get that).

How will the partnership cash flow cover the HELOC payments if interest rates increase?

Purchase price: $640,000 Cash invested: $640,000 Investing in Condo properties in Broward County, FL What made you interested in investing in this type of deal?

You would end up saving the higher interest rate on the HELOC as well as closing costs.

I would think with the HELOC, I could run with that until I can do a refi and with the interest rates starting to come down, there should be some gains to be made and I can repay the HELOC in short term. 

Has anyone else worked with the Rent to Retirement community? We’ve had such an incredible experience with them so far. Zach and Matthew have been phenomenal, always responsive and willing to share their expertise. Jo...