Msg me if you have questions.No syndications right now.Keep in mind, when lending, that not all of your money will be earning interest all the time so your actual rate of return will vary. 

That, coupled with interest rates being so high, make it hard to find a house that will cashflow right off the bat.

Interest rates on HELOCs are typically more than a mortgage, but if you think about the blended interest rate, you are likely paying less for HELOC + old mortgage than you would for a new mortgage.

He would charge a double digit interest rate.

He could have easily sold his Tesla shares instead to fund the deal, but by taking on debt and using them as collateral, one of the things he is doing is avoiding the taxable event that would otherwise happen if he sold the stock, and getting what is probably an extremely low interest rate for the loan.

If you don't have a low rate locked in, you could do a cash-out refinance as well that goes up to 80% LTV. 2.

We are very interested, but what is a fair rate?

It will, depending on the financing, rents are strong in that area.Let's say you take a mortgage of 600k (75% of your ARV) Taxes - 5k Annually Insurance 2k Annually Rate - 7.5% 30 Year Fixed Your PITI payment would be $4,778.62If the lender is using a DSCR of 1.1 - you would need actual / market rent of $5,256.48 to qualify for a 75% LTV loan. 

I would rather just borrow at a little higher interest rate and keep all the profit for myself.

One property is a condo (in CA) that I rent out, and the other property is a house (in NV) that I live in and rent out the other rooms.I quit my W2 job last year to start a business, which is slightly profitable today, but I reinvest everything back into the business.I have a bunch of cash saved up and am comfortable deploying $100K into another property in Las Vegas ($80K down payment + $10K furnishing + $10K margin).The only problem is that I’m not sure how to finance my next house without W2 income.I talked to a few lenders about DSCR loans, and most say they calculate rental income based on the entire house, instead of by the room.I would love to get the creative knowledge of the BP community on how to fund my next home 🙏🏼I'm also open to any lender referrals 😊 Ask the lenders if they take MTR rent rates if you can show comps.