The best part of it is that they offer my tenants an Auto-pay option, which has greatly decreased the amount of late payments I receive.

But know that hard money loans are really meant to be temporary... usually used for flips.  

In this blog post, we'll delve into the complexities surrounding interest rates, mortgage rates, and the implications for CRE investors.Interest Rates and Mortgage Rates: Despite expectations of modest rate decreases, the direct impact on mortgage rates may not be as significant as anticipated.

After two months of slight (0.1% MoM) decreases, CoreLogic’s national Home Price Index jumped 0.7% MoM in Feb, way above their expectations.

Margin spread may decrease and I could see rates around 5% conventional and 6% investment in 2023 but unlikely lower then that.

The cost is your decreased cash flow of $200 per month.

I did start off with a score around 800 as it was, so the temporary hit on the score in the meantime is not a huge deal for me personally.  

It is temporary, and will not last forever. 

Increased the rents, decreased expenses.

Do you think it's wise to hypothetically save up a large down payment while also waiting for interest rates to decrease in order to make the move into a house-hack?