They can fund very quickly on Fix & Flip loans as well.i typically do not use them for long term DSCR deals as they are not always the most competitive on pricing.

Now I rent it out long term for close to twice the mortgage.

I assume you're asking this in regards to a short term rental?

Hello Lesley, Have you thought about using a DSCR loan to do a cash out or rate and term refinance to recoup the out of pocket money you have spent on the property.

Your LP’s will need to be informed they are behind a hard money lender, what those terms are and the risk involved with being behind that hard money lenderDepending on the lender they could require you or one of the LP’s to also personally guarantee the loan.In most states if you have more than one LP then you would need to register the offering with the sec (most likely as an exemption) but docs and setup would probably be $10k.Can it be done yes, is it typically done for a deal under $1-$5M, typically no

Market Analysis Tools: Mashvisor: Provides in-depth analysis of neighborhoods for both short-term and long-term rental properties, including cash flow estimates, cap rates, and appreciation potential.

But it's not a strategy I love and it's not one that I believe is all that profitable.In terms of general tips... do your research on your target markets.

Hmmm - "Wholesaler" has long been one of those professions that has a high turn-over as it becomes known that it isn't as easy as told.

Title company stated if she refuses to close, I can sue her under the contract for specific performance of the contract and or can just record the deed and take ownership of the property.

The lease says in this situation the tenant owes the total balance of the remaining term.