While private money isn't highly regulated at the federal level, there are subtle nuances to be aware of in each state that may trigger your loan becoming a security and then the SEC would have regulations to consider.

There are closing costs, loan origination fees and Homeowner's Insurance to add into the number, You will get better detail from whomever is lending the money.

Loan to value ratio: The higher the loan to value ratio (LTV) is, pricing takes a hit.

Loan to value ratio: The higher the loan to value ratio (LTV) is, pricing takes a hit.

Does the IRS care about the type of loan I'm using?

I had planned to take out loans in a cashout loan but rates accelerated too fast in 2022 and I never got that chance.But now that everyone is talking rate cuts I’m kinda thinking I take the deal and hope I can refinance these 2 properties at 5% interest (or less) sometime before 2028?

How many years is the loan for and at what % interest?

Are you looking for just a vanilla conventional loan on an owner-occ SFR here in Austin?

Tell them your purchase price, work that needs to be done, and ARV as you're vetting them.Documents Needed for a Hard Money Loan might include:LLC DocumentsYour Credit ReportCompany Bank InformationYour IDSigned Purchase ContractRehab Budget Track Record of SuccessEvery hard money lender has different requirements, so some of these may vary.

Portfolio loan for remainder with some repairs built in.