Permits, delays, cost overruns—it's a logistical nightmareFor the record, I didn’t flip a single house in 2023—and still had a multiple six-figure year wholesaling.Wholesaling: ProsQuick cash cycle (often paid within 30 days)No repairs, debt, or contractorsMuch easier to scale (1 deal/month → 4 deals/month is very realistic)Low capital requirementsBuilds elite off-market acquisition skills (the most valuable skill in real estate)Wholesaling: ConsRequires strong communication and sales skillsEmotional and complex sellers (you’re solving real problems)Not as “sexy” as flipping for social mediaTakes time and effort to learn comps and evaluate deals quicklyThis business is simple—but it’s not easy.

This is often not possible with conventional residential mortgages.Flexible Use of Funds (especially with Cash-Out): If you do a DSCR cash-out refinance (like you're considering), the funds can be used for almost any purpose – acquiring more properties, renovating existing ones, consolidating debt, or for your hard money lending business.Accessibility to Capital:Higher Loan Amounts: Some DSCR programs can offer higher loan amounts, including jumbo DSCR loans for high-value investment properties.Less Emphasis on Personal DTI: Even if you have other personal debts (like a primary mortgage or student loans), as long as the investment property cash flows, your personal DTI is not typically a barrier.In essence, DSCR loans empower real estate investors to:Separate personal finances from investment finances more clearly.Scale their portfolios more aggressively.Close deals faster and with less hassle.Access capital for a wider range of property types and investment strategies.While DSCR loans often come with slightly higher interest rates and potentially higher down payment requirements compared to conventional loans (due to the increased perceived risk from less personal income verification), the benefits in terms of flexibility and scalability often far outweigh these costs for active real estate investors.

Taxes have to be dealt with and all creditors and debtors and heirs have to be identified and notified. 

"A BANKRUPTCY judge granted a motion TO DISMISS Van Gundy's bankruptcy case in Sept 2022 because she had NOT complied with obligations as a debtor under the bankruptcy code.

My experience says if you have a million dollars gross rents, you'll average out to around $400-500k per year net on STRs BEFORE servicing any debt or paying toward this lease agreement. 

Buyers with bad/no credit, high debt, or off the books income. 

new investors often say they're going to buy LTRs and use the proceeds immediately to pay down debt or fund other purchases. 

It worked for me because I had a strategy to deleverage once I was done.Again, what you’re proposing doesn’t have a clear plan for how you’ll pay off the debt or if the properties will even appreciate enough to make it worthwhile.

"A BANKRUPTCY judge granted a motion TO DISMISS Van Gundy's bankruptcy case in Sept 2022 because she had NOT complied with obligations as a debtor under the bankruptcy code.

I'm 20 years old, never had any debt or credit before.