Owners with Low Financial Stability Scores is one.

That accounts for the huge difference in the P&I which financially straps the property after refinance.

We've also done some private lending to larger self storage developers as well as secured a nice sized HELOC on our property in hopes of using it on our next project.Our goal now is to build out our rental portfolio faster than we have been to try and gain financial freedom within the next 5 years or sooner. 

Say the go for a refi, and get 70-75% of the ARV, now you're getting $140-150,000 back out, which you'll use to pay off the original Hard Money Loan.I'm making this scenario look pretty, tight, and nice for the sake of ease, but that's the gist.There are points, fees, interest payments, etc along the way.But regardless of where you live, whether you own a home, or even have a job, if you can come to the table with a good deal, that fits the lenders numbers/expectations, and you have the financial capacity to do the loan, the loan you will do...

Thanks if anyone knowsSorry to hear about your financial woes, but good to hear you're getting back on your feet.

Whoever the closing attorney was had obligation to figure this out and go the proper pro rations on the closing statement.

My credit is over 800, along with a strong financial background, so I am not worried about getting approved.

Sorry if the truth hurts, but if somebody is really financially smart, they will become accredited on financial merit. 

We have to be confident that our investment will be a good choice financially.  

Financials Purchased foreclosed: $220,000 - PITI $1385/monthApplied for and received a FHLB (Federal Home Loan Bank) grant of $15,000 that I used towards down-payment/closing costs.