We are not likely to see rates that low again in our lifetime.

It's no different than their 2-year, low interest rate teaser houses.

It's probably going to mean paying points at closing, a high rate, and a serious pre-payment penalty (like 5 years). 

Daniel,Memphis is a great market for investors and we have continually seen growth in both rental rates and property values. 

For the $525K property, with the low mortgage rate(you will probably never get a such low rate), it might make sense to hold onto it for now, especially if you can still sell it as a primary residence within the next three years and avoid capital gains taxes.

One of the key challenges I’m facing is understanding the financing options available to someone without Canadian residency or a local credit history.From my research, it seems that a 35% down payment is often required, with interest rates around 7.5-8.5% for non-residents.

However, rates have since moved upward.A 30-year fixed rate mortgage is once again sitting around 7% interest:For broader context, here’s a chart for 30-year fixed mortgage rates over the past 5 years:The real estate industry hoped 2024 would see a recovery in which mortgage rates fell and home sales climbed.

We have the full gambit from 1) finding and buying the right property in the right locations to 2) professional execution of the design to 3) discounted property management services.  

If I leave this amount in Sch-E, I get taxed at ordinary income tax rate at Federal and State level, which along with my regular W2 income can be substantial.

As loans are offered on preREO at a discount, a payoff or reinstatement would typically generate a good return for the preREO investor.