Cash and credit are key when it comes to fix and flip loans.

I have an SBA loan on that one and it only cash-flows me a few hundred dollars a month.  

Have you already gotten an FHA loan before?

Unfortunately that leaves us in a situation where we must agree on how and when to break up the portfolio and what it is worth. 

Can I take out a hard money loan for the 43K plus the 40K rehab amount and have him owner finance the rest of the purchase price to me?

Be sure to factor in the effect of Unrelated Business Taxable Income (UBTI) if you borrow money (non-recourse loans only) to purchase the property by the self-directed IRA. 

Hey Kyle,Curious what loan you used for this transaction.

Here is my situation.

You could consider doing a cash out refinance of your current primary as an investment property with a dscr loan.From there get a low cost or zero down loan for your Primary.Use the proceeds left from the refinance to get your next property.There are so many different strategies.

Hi Chandana, This looks okay, I would say you could definitely get a better rate with 30% down on a DSCR loan.