I am not pressed for cash and deal velocity so I can be patient helping find my buyers the right property.

Look up the concept of "the velocity of money", you'll understand how a yield can smoke your calculator.

But, I can tell you, if you can keep the velocity of money moving, lending at 16% will be your better option, been there, don't that.

No matter what you're selling on amazon the number one factor that helps you get to the top of your category is sales velocity (sales per x amount of time).

what I have always done with my guys is create very long term relationships with them so that I can ease the skin in the game for them and thus I get velocity and my money is out and stays out and my returns are substantially higher than most HML with a very nice safety margin...

Here's how he has it structured:- he finds the deals (key here, your strong asset)- he has a rehab team on the ready that he works with- he is active in local REI Clubs (yes a nice source of leads for you)- he is also hosting free 1 night seminar per week that caters to this topic- he then has investors on the ready to pull the trigger when a deal is found- he has set terms already, 90 day velocity, x% return on invested funds.

Some banks may offer a VELOC for a vacation home or non primary residence but usually have a higher interest rate but may be worth looking into.  

I was interested in working on my first BRRRR to speed up my velocity of money.

But there is no question we are not going to enjoy the same velocity or anywhere near it that we enjoyed last 8 years or so.

Companies like Velocity, Visio, Lima One, HomeXpress, Finance of America, Silver Hill among dozens of others may have lender paid comp (most of these lenders do not offer lender paid comp), but not on DSCR or BUSINESS PURPOSE loans and more specifically to non owner occupied 1-4 unit, business purpose loans.