Providing advice without understanding the full scope of your business and its operational plans could result in inaccurate guidance.As a hard money lender, I provide financing options for both DSCR and fix-and-flip loans.

The loan gets paid off first and any money left over is you “equity” and comes to you. 

Even without the cheap money and the cash flow, I always make the rental as sound and maintenance-free as possible before occupancy.

It’s like moving money from your checking account to your savings account. 

HELOC is a form of borrowing money.

The idea that you can build wealth without putting any money into it is a recipe for disaster and the sales pitch of gurus trying to steal your money.

@June Broce We do a ton of Transactional Lending for wholesalers looking to double close, some investors who are doing seller finance deals or same day purchase and refinance into a DSCR loan.If you can assign the deal and save yourself some money, it's the better option but I 100% understand why someone also prefers to double close and secure their profits depending on the scenario.With that said, you can buy/sell the land SAME day for a legit double closing. 

However, there is a difference between just turning a profit and making enough money to get a decent return and justify the hassle and the risks.

By using a credit card I can provide a fast closing and actually save money on the property. 

If they have no cash your taking a huge risk on a ground up new build. and for that you would want to get a standby rate of interest like I do say 10% and I would charge 50% of the upside profit.. if they are putting cash into it..  3 to 4 points and 10 to 15% interest is market.and you give them money in draws as work is completed..