In the meantime, make sure you’ve got good insurance and an umbrella policy, which usually covers most risks for beginners.

Not all debt is bad — sometimes short-term loans help reposition a property for stronger cash flow.Examples include:• Using bridge loans to renovate before refinancing• Stabilizing rents before transitioning to long-term loans• Leveraging interest-only periodsHow have you used short-term financing to strengthen long-term ROI?

National lenders who allow mid-rehab loansLook for lenders that advertise:• “Fix & Flip Lite”• “Mid-construction loans”• or “Project takeover financing”They’ll fund based on remaining rehab + current value, not just purchase price.3.

Smaller commercial loans the banks have absolutely tightened up but a few institutional funds we work with are still originating a good number of bridge loans as well as longer term commercial loans.

Spread between current loan rate versus refi rate?

Buy/build in a flood plane and not insure.

This one is a newer build townhome in an A-class Bluffdale neighborhood — great location, newer construction, and easy to manage long term.Property OverviewProperty Type: Townhome – newer build, A-class neighborhoodPurchase Price: $480,000 (market value)Down Payment: $70,000Underlying Loan Balance: about $410,000Interest Rate: 2.375% fixed through December 2051Loan Start: December 2021Monthly P&I: $1,755Taxes/Insurance (Escrow): $470Total PITI: $2,225 per monthRented: $2,495 per monthServiced through Escrow SpecialistsProtection: Recorded Notice of Interest on titleWhy I Bought ItThis isn’t a big cash-flow play — it likely breaks even after reserves — but the rate was too good to pass up.

They could have closed a conventional loan in probably 8-9 days, it was ridiculously fast. 

Homeowners Insurance (Annual)Avg.

I'm less clear why you try to quickly pay the loan down, to then refi into a new loan.