Bridge loan.

You can purchase this with a low-money-down FHA loan. 

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

Quote from @Chris Seveney: Over the past quarter, I have seen around $1B in defaulted fix and flip loans - many of these from new lenders since 2020 and more of a "tech platform".As we all know, the intersection of tech and real estate investing has brought incredible innovation, especially in hard money lending.

The interest rate on a HELOC or Heloan may be better than the personal loan. 

Preforeclosure owner finance wrap, paid off the default payments and taxes with cash and assumed the owners loan.

There is so much that goes into a successful STR beyond the very basics.Now, projections can help for people using a DSCR loan.

I suppose they would be able to help me figure it out but I’m still trying to determine what is the best way to fund something like this and would it be better to sell off the entire purchase once split into separate parcels or is there a way to structure a deal as to where I could sell off some of the land to repay the loan/investors and also retain a portion of it to develop with my own short term rentals.

We approached the existing lender for a loan assumption.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.