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.

There is a big difference.Social Services to me means section 8 housing vouchers, food stamp existant, and other welfare benefits.Social Security (whether you agree with the program or not) is based on repayment of money you earned while working and supposedly placed into a trust for retirement.

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?

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

They are also going to charge you something like 3-5% loan origination fee.

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

Are you expected to make payments on the hard money loan during that time ?

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.