The private equity individual will be paid off at the time of refinance as well.All in, we purchased a six-unit apartment building in one of the best areas of Minneapolis with a total of ZERO DOLLARS out of pocket!

I want to ask the wholesaler if I can increase the purchase price, add repair cost to the HUD (same net to wholesaler), so that I can refinance that much later.

Cash out refinance, with no pre-payment penalty? 

Obviously this isn't great for a refinance. 

The best way to handle a hard money loan if you do not qualify for a traditional loan is to refinance out of the loan after the prepayment or sooner if you do not care about absorbing the pre-pay into the refinance loan.

After a year of ownership, you could qualify with a traditional lender, refinance, and bring the interest rate back down.

Fortunately my credit was strong enough to weather the storm and I was still able to refinance the BRRRR property.

Hi all,Im about to refinance my condo and my closing costs are $10,000. 

One thought we had was to rent out our home we live in now (and live in side yard in RV) or should we refinance this house and not have it FHA and then look for another ? 

So just to clarify if I have $3000 in origination fees from a hard money lender in November of 2020 from a property that is in service as of November 2020 and that's a 1 year loan that has not yet been refinanced, as far as the IRS is concerned, do I take that $3000 deduction in 2020 or 2021 after I refinance?