Here are the details:Property: Purchased in Windsor Ontario for $350,000 in May 2023.Investment: Renovations/ repairs and other expenses totalling $60,000 with a down payment of $108,000 (from HELOC) and $5,000 in closing costs.Current mortgage left is 244k.Current Issues:•Foundation issues requiring attention.

And who is "watching" them?

30 year fixed, low interest rate DSCR BLANKET loans (put multiple 1-4 unit properties under one loan for cash out or for purchase).Ground Up Construction loans for aspiring developers with NO Experience100% Financing on Fix and Flips (just pay closing costs and prepaid taxes/insurance)Fix and Flip financing that requires no appraisalHELOCS on investment propertiesBuilder's Forwards (for medium to larger developers who want to hedge interest rates on their properties they plan to sell so they can offer "low builders rates").DSCR loans for long term AND short term rentals (I think this is becoming more and more common, but some people have still never heard of this).And so much more!  

Hi Hoa,- Hard money is fast efficient, expensive,  it has high rates and points and shorter term 6-12 months or less typically with extensions available- HELOC typically has no points but prime + 2-3% margin right now is almost the same rate as hard money and closing costs are a lot less than hard money and you can rinse and repeat and reuse it after paying it off so yeah overall its better than HML (hard money lending)Thats just the beginning of your research, the reality is in real life you might need both sources, make sure to have both ready and start with the best execution or option first and always be ready to use the others if the need arises.rehabbing is messy AF especially on older housing Illinois housing stock from 1895-1940's.

It would be a case by case but with increased rehab costs, commissions, closing, I’m seeing 70% you may have to leave some money in the deal.

I've never had any issue or problems with wholesaling or assignments or options or double closes, all of which I've done.  

I'm just starting out, about to close on my first deal.

My ideal location would be north woodland close to Washington park 

Commercial financing carries more risk, and higher closing costs, but can be great if done right, on the right property, in the right location.

A fitness watch is a good add on to keep you honest.