I'm new to real estate investment and am considering hard money lending for quick and flexible financing.

How did you finance this deal?

When compared to bigger complexes in desirable neighborhoods, these properties could have a higher potential for cash flow.Examine Financing alternatives: Look into financing alternatives, such as FHA loans with low down payments, that are geared for first-time homebuyers or owner-occupants.

Investigate conventional finance, FHA loans, and other programs that can be in line with your objectives.Through networking, word-of-mouth, or direct communication with property owners, take into consideration investigating off-market options.

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 😊

The problem I am facing is I don’t have income and no collateral so I can’t finance my down payment  with lenders/banks. 

Hello, I am retail center investor based out of South Carolina, looking to connect with more individuals who have a deep affinity for the asset class.

Whatever the type of financing might be, they usually have maximums not allowing deductibles that high.

The term "seasoning period" usually refers to the amount of time you're required to hold a property or a loan before you can refinance it, especially in the context of the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy.During the BRRRR strategy, individuals typically purchase a property using hard money loans (high-interest, short-term loans used for property investments) to fund the purchase and renovations.

How did you finance this deal?