What is the process like for refinancing a hard money loan into a conventional loan? 

What makes you attracted to real estate as something that can bring you income in the future? 

You could assume the mortgage and then refinance, but does the home have enough equity to prevent you from making a downpayment?

You’re on the right track, but make sure to consult with your CPA to confirm your plan aligns with your situation.

They do a private loan at 12% and are paying 7% on a HELOC The money you make in interest is taxed at ordinary income.

Some popular methods include seller financing, which allows investors to avoid traditional lenders by negotiating terms directly with the seller, and leveraging private or hard money loans to secure fast funding with flexible terms.

For the past 15 years, private/hard money rates have averaged somewhere in the 12% to 15% ballpark for 6-to-12-month bridge loans.

After finding a  suitable borrower to place your money with, but before the money trades hands, be sure to underwrite the deal thoroughly.

I just want to make sure that I have my head on straight when thinking about how people get "paid" in this business.

Hopefully I can connect with some of you guys in here to find out more information about both and to make my decision on which route I should take.