Agree, it's doing nobody favors in my market; market rents here are barely enough to cover PITI in most cases when paying current valuations, not keeping pace with recent price increases. 

The shorter the prepayment term has an impact on increasing the rate.4.

The 10-year treasury is currently sitting at 4.62% as of 1/24/2025 up from 3.73% on 9/13/2024, reflecting a 23.8% increase over the last 4 months (Source).

In Real Estate, TIME IS MONEY.Getting a rehab loan done quickly is worth paying an extra few points in order to be efficient as you will be able to expand your BRR business which would yield results greater than the increased cost of capital that hard money brings.In order to escape a scarcity mindset you need to understand that money is in theory unlimited, they print it.But can you print time?

Even if there isn't there is talk about privatizing Freddie and Fannie, so if that happens, I would certainly not expect rate cuts and would probably expect rate increases as private investors probably want better ROI.So with those things in mind, might just be time to sell #1. 

I currently have around 20k cash for a down payment and that is steadily increasing so I want to pull the trigger soon.I'm interested in Fort Wayne for a few reasons:- I have some family in the area (they won't be involved, but have some general knowledge of the area)- Decent schools- Low crime- Airport- Low pricesAny advice or connections are welcome as I am completely new to this.

•If CPI remains high (3.4% or above): Mortgage rates are likely to stay at current levels or even increase slightly as the Fed remains restrictive.

Benton St property due to its desirable location and the opportunity to significantly increase value with strategic renovations.

I’m especially interested in value-add opportunities where I can renovate and increase equity.I’m here to learn from experienced investors, connect with like-minded people, and share my journey along the way.

The area has seen increased development, including new recreational facilities and housing projects.