But we are paying all that back down, so as our balances decrease and we get farther away from that missed payment we will be able to get a loan on the house we inherited and use that to get us going on some income properties or maybe a flip.

Thanks in advance. - Derek

I've been searching online for trying to find a loan servicing company that provides the services in Florida.

My advice is to limit your use of credit cards to front costs that are reimbursable with a bank draw in a loan that you have originated.

Last thing you want is to not be able to get the renter out especially if you are on a hard money loan.

It is fairly common to write an all cash offer using a hard money loan to finance the purchase. 

Currently, we are at 12.75% interest with 3 - 5 points on the loan origination end; we haven’t been able to locate any existing mortgage notes we can buy of similar quality with ROI even equal to that.  

But the potential upside of the more expensive building is massive, plus you get a higher overall ROI when you factor in all 4 wealth generators (cash flow, loan paydown, appreciation, depreciation).

However, this is simply just a fix n flip loan, not a DSCR loan.

Thank you in advance!