I am a teacher in Maryland public schools and looking for a big change!

Just finished a master's degree while working full time and came to a realization that more school (med school) would just mean more debt and more hours working for someone else.

You can also watch this stream I did for BP a few years back that might be helpful: Just know that it's harder these days with interest rates at where they are.

Almost anything that has a guaranteed rate of return makes me want to scream and run the other direction, but this seems different. 

The interest rate is between 7.95% and 9.95% depending on credit score.

If they were going to charge me 2-3x the market rate for this service I would have like to know in advance because then I would of made the cleaner arrangements. 3.

The current interest rates are more the norm and what we saw for the last 10 years was 'free' money due to the low interest rates. 

Most hard money work as follows:•Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.

Hey @Justin Williams,I'll start by saying even the most flexible loan scenarios will look at credit. how it relates to the loan process, however, will differ depending on which loan type you go with. my gut punch reaction in this is that your credit score is more about limiting your LTV due to the subject prperty being a multi-family, or potentially driving the rate up so that you no longer qualify (rates are higher on MF than on SFR typically)....it also could be about how your lender is calculating (or not calculating) the rental income coming from the different units.

We love the neighborhood and schools that we are next to so we dont wanna have to move to be able to rent our current home out.