How much does it cost to buy down rate per %?

PS Rochester and Buffalo were ground zero for much of this stuff also there were groups buying those homes for 10k packaging them up and selling them for 80k to investors from England. the city / state finally cracked down on that and there was some folks that got in trouble on the criminal side of it.. you can google it.. wont mention names but you can find it if you dig deep enoughBut this is nothing new.. buying hood rates for pennies and selling them for dollars to foreigners and unsuspecting out of state folks. 

I would never buy commercial at such a cap rate unless I was doing a 1031. 

Now were all standing on a field with cricket bat's and starring at some wickets wondering what the hell is a wicket.....

Did RE Cap Rates generally follow higher, along with the sky-high interest rates?

Here are the numbers for the City of Austin and the greater Austin metro area:A 30-year fixed rate mortgage is still sitting around 7% interest:For some broader context, here’s a chart for 30-year fixed mortgage rates over the past 5 years:What if I’m a buyer?

You have no way of knowing what your booking rate is going to look like going forward.

Unless the loan is a much better rate than the HELOC, which it probably won't be, then keep the HELOC and don't pay the origination fee on a second mortgage.

This sudden jump in rates has not fully caught up with market cap rates yet since especially in the commercial and multifamily property markets, transactions typically take 6 months to transact, creating a lag effect between interest rates and market cap rates since interest rates adjust daily.

Usually, a Sub-To deal has a better rate than the market rate and so does seller financing.