Quote from @Joseph Elci: Hello All, I am hoping to have invested in my first property before the end of the year. 

We’re actively acquiring properties with interest rates as low as 2-3%, even though current rates are nearly triple that.

To add to this, a lot of Wholesalers or agents from New Western deal specifically with lower class Real Estate, because like Stuart mentioned it is the lowest barrier to entry and typically easier to convince sellers of that property class to sell under their conditions. 

The vast majority of DSCR loans are structured as regular mortgages with the personal income/DTI replaced by the rental income from the property.

I checked with the state and the state will not allow utilities to be ran underwater to the property across the lake.

I did  Zillow searches on properties  in Dyberry Township  under two acres a) sold and b) for sale. 

Partnering with Seth Choate, we successfully sold the property on 10/09/2024 for $225,000.

My properties are Class C properties.

As interest rates climb, how are Texas buyers adjusting their strategies to secure property?

For properties valued between $30M and $40M, the commission rate tends to be on the lower end of this range, often around 1% to 2%.Some brokers may also opt for a flat fee structure, which can be advantageous for high-value transactions.Comparison with Provided Rates:For a property under $34M, the commission is 1%, which aligns with the lower end of typical commercial real estate commissions for high-value properties.For properties between $34M and $35M, the commission is a flat $400,000.