We usually have people leave due to being unable to pay rent though and that may not be the case here.

Sure it will cost more and take longer but consider it the price of your education.Other than that your option as others have point out is to find the money to finish it off the books of the hard money lender, sell it or refi it and pay off the lender and move on.

In my previous role, I encountered numerous instances of real estate fraud, which opened my eyes to the importance of legitimacy and trust in this industry.After months of studying the markets and educating ourselves on the BRRRR method, we are thrilled to have potentially found our first deal, along with other promising prospects.

We pay taxes on every dollar we make.

All pay electronically through our business DBA.

With your credit and situation if you were below 12% I would say that’s a huge win from a private lenderi'd be willing to pay a point or maybe 2 max above conventional fha.

I usually only recommend those communities if the owner gets a lot of personal use at the property and wants to have the rest pretty much pay for itself, but not as a cash flow investment.Best of luck!

We still have some tenants that bring rent to the office instead of paying online.

Are you more inclined to speculate that rates will fall lower (they should, I think they are likely to, but they may not) and you can refi, or would you rather pay a fee/premium to lock in where you're at now and hedge your risk of not being able to refi into a lower rate?

If the borrower stops paying, they know they can take over the property and make more money by fixing it themselves.On the other hand, if you don't know these things, it is very risky.