But it's water under the bridge for what you are asking.

Under a bridge ?

Hi @Bob Chuckman, either way you go will work out fine, can depend on your purpose of the loan, primary residence, investment property, multi family ect. use local banks with few branches, check around to each one for loan options for investment properties, while standard mortgages are sometimes tricky to get approved, there are, bridge loans, commercial loans, portfolio loans, ect. i am not sure 100% on all the types that may be available but i would spend some time talking to different banks in your area especially the lending dept. i focus on FSBO homes/multi with seller/owner financing but i wish you luck in your REI adventures,Jay,

Pretty cool to be able to hop over the bridge and be in a different country, with all its quirks and foibles.

@Jeff Bridges I really appreciate all of your input.

Without looking into all the data yes the high end market is slow but I would not call it a crash.I am over the bridge in northern Virginia which like dc has limited inventory and still stuff moving swiftly.

Talk with a quality commercial loan broker (DM me if you need some options), there are plenty here on BP, and get an understanding of both bridge/hard money and long term financing options for 5+ units.

However, I’ll cross that bridge when I come to it.

The bridge loan with rehab and the 30 year DSCR refi.The first loan is a 12 month interest only payments loan with no PPP and the loan includes rehab funds needed to fix the house, the second loan is a LTR refi using your DSCR ratio.  30 year loan, lower rate and fully amortized.  

Line up some bridge funding in advance so that in the event you can't get the property assigned to a cash buyer before the closing date, that you don't screw the seller over and they end up losing time and their house that they may have been able to sell to someone who could close.I understand why a LOT of people hate wholesalers, like @John Thedford.