The fees and overall costs of these loans needs to be a key factor including what if the project goes over time . . . . you can be underwater in no time.Underestimating repair costs and overestimating ARVs based on Zestimates are the next stumbling block.There's money to be made but make sure numbers all work WITH contingencies defined and overages expected . . . remember, a project will always cost more and take longer than initially thought!

Content that includes pictures is viewed 94% more than content that does not include pictures.Direct MailAn oldie but a goody.

Depending on the fee schedule and activity this can cost significant transaction fees and always includes some red tape and extra processes to go through.

I immediately got home and created a laminated note about the unique local bakery, which bakes the best croissant I have ever tasted, including the croissant I had in Paris, just around the corner of the Airbnb listing.

@Kiryl Ulanovich,You're on the right track:Get Pre-Approval from Hard Money Lender – Know your terms and limits upfront.Find a Deal Through a Wholesaler – Verify numbers and ensure it meets your criteria.Review the Assignment of Contract – Confirm terms, earnest money, and contingencies.Conduct Due Diligence – This includes an inspection (if allowed), verifying ARV, and rehab estimates.Submit to Hard Money Lender for Final Approval – Lender will review title, contract, and property condition.Title Search & Clear Any Issues – Ensure a clean title before closing.Close Through Title Company – Finalize funding and take ownership.Consider also lining up contractors early for a smooth transition into renovations.

Figure out what is most important to you and measure markets against your metrics. 

After they went up in 2022 and many people including myself thought they were going to come down the next year, but that did not happen.

and, there are fees and costs at every stage - i didn't include them in my example, but you need to because they're significant. 

IMO its important to have plenty of reserves, it's not if something goes sideways, it's when it goes sideways.

If you ever need insights on financing options for rental properties, including DSCR loans to scale your portfolio, I’d be happy to help.