Title company is asking for an Uninsured Title affadavit to refi out of a hard money loan.  

The lure of easy money and scaling too quickly is the most likely path to being a forced seller.

Has anyone delt with a hard money lender then financing at the end to a traditional bank?

How much money are you tying up into each deal?

Speaking for myself I’m just planning to have to live there for more than 1 year and make sure there is room to raise rents, for example spending a few thousand to bring a washer dryer connection to the complex if it doesn’t have one could be a great cash on cash return if you can raise rents maybe $50/unit on the next turn. 

Its the same process as if you were using a bank but the money is coming from another entity or person and not a bank.

You could very will spend that $50,000 and in the end just have some notes and notebooks and nothing to show for the money?

My realtor linked me up with a lender and we applied for the VA loan for a 0 money down loan and we got into it for 3.875 APR, 30 year fixed for a total of $242, 548.

However, the sample size is 1,272 leases year-to-date.So, though they may spend a bit longer on the rental market, the median rent for a two-story home in Austin is higher than that of a single-story home.

That being said if you know you’re not responsible enough to put the money aside every month for these expenses when they come due then leave it all rolled into your mortgage payment.