There are a lot of loan officers sometimes new to the business that send out what is known as a "teaser rate" More than likely you are also paying 1.50 to 1.75% points for that rate and you should "Never" pay points just use a real FDIC Bank instead of a "Lender".

We proceeded to do a live-in flip and invest heavily in Detroit real estate.

I’ve always wanted to get into the world of real estate, however i’ve never dipped one toe into buying and renting out homes.

Quote from @Luis De la Puente: In your experience, how do you see private money lenders shaping the real estate market, especially for fix and flip projects?

I am a real estate broker and have access to market data for valuations.

Have you used a bridge loan in your real estate endeavors?

This isn't including other expenses I know but I was planning to self manage the property and hope rates continue to go down so I could refi in the future and gain more margin in rental income.After further analysis and speaking with a friend thats a real estate agent I may want to shift my original plan and sell it.

If you will you debt to acquire the real estate, it must be non-recourse financing.

I decided to change career after having worked with films for more than a decade - and I have always had an interest in real estate.

It protects real estate owners (and investors like me) from liability for environmental contamination that they did not cause.