How do you become a broker for hard money lending? 

I don’t know how 2 people got 3 homestead exemptions but that seems like something the local taxing authority could catch pretty easy.

If you do your due diligence before you invest, it is almost impossible to lose money.

The property will be strictly for investment purposes, not a primary residence.I’ve been looking into two potential financing options:Hard Money Lenders (HML) – I’m drawn to this option for its speed in closing, but I know the rates can be higher.DSCR Loans – This seems like a great option for long-term rentals, but I’m unsure if it’s the right fit for my auction property since it might need some rehabbing.I’m also considering purchasing through a land trust or an LLC to add a layer of protection and privacy.So, my questions are:What’s the best way to approach financing for auction properties?

I hope you haven’t paid them any money.

I have a 401k/457 sitting there as stagnant money in NYC.

Liquidity is important if this is money you plan to put to work in the near term. 

It’s definitely smart to evaluate the tax and cost implications of your funding options.

You can always use a software like Turbo-Tax and follow the prompts.

You need a firm estimate for the remainder of the work as your funds are limited (like most people who don't have an endless amount of money).