I'm doing flips and new construction at the moment. 

Debt is going to make up 70%+ of your entire capital stack - it's critical to find the best loan/lender with the best terms possible. 

Hi Derek, welcome to the community!

Hey BP family, I'm currently trying to help out a family in need from having to foreclose on there property by taking over subject to, it has a high interest rate although the entry is around 20k I want to wholesale this ultimately Is it possible for me, to disregard my initial assignment fee to get a buyer asap and add a 2nd lien on the property as my fee? 

Purchased on 4/19/2024 for $20,000, we invested $45,000 in strategic renovations to transform the property.

Were here to help.

Because it equals the total value of the units @ $268,750/unit so something doesn't make sense. 

To summerize, a DSCR loan, aka lite doc or business purpose loan, uses the rents you receive on the property and divided by the new loan PITI to receive a ratio.

Quote from @Maurice Nkonsissie: HelloMy name is Maurice, I live in the greater DMV area.

The entity you select can impact everything from how you're taxed to how you protect your personal assets.LLCs are often the go-to for real estate investors because of their simplicity and flexibility.