There is a lower ratio program of .80% in cases of low rents but the rates are higher usually in the 8.50 to 9.50% Be careful of your prepayment penalties as well it can lock you into a high rate or cost you money if you plan on refinancing in 12-24 months.If you ever have any specific quetions feel free to reach out I am always happy to help and talk REI!

Yes, discounting the rent for a person for their eyes and ears on the property is worth it's wait in gold- but make sure you choose the right person, not necessarily the person that talks the most! 

Open to loans but only if we net 10k a month after mortgage payments With 2 million dollars you could solely fund one of our ground up development deals at 15% down on a 50,000 sq ft building which we put about 70 units in on non recourse debt for land we already have locked up and entitled. don't buy and hold, don't listen to any of the 20 agents from columbus here who try to sell deals that are garbage. if buy and hold was the answer you'd see massive capital pools in columbus buying deals up. that was the model in 2014. all of the value creation is from ground up development partnerships. we can build with land cost below 65% of finished asset value on lease up and you can have no risk into the deal. the deal I'm talking about is a 12 story deal that we are working on. in columbus you can get downtown land for $400k that is about 0.22 acres right now with unlimited height and unlimited floor area ratios and build massive equity from joint partnerships.

So if your debt (consumer or mortgage) is above an 8%, then feel free to pay it down to lock in that return.

When you buy, get a fixed rate locked in for long term.

These are the best contacts, in my opinion, because I can find ways to add value to them.As my experience level changes, I keep an eye/ear out for specific types of contacts. 

I am very curious how they are getting around it because I am stocked, locked and ready to lay down some cash on some properties! 

True again, but what if interest rates stay volatile for longer than expected, and the market stays locked up longer.Meanwhile the property is bleeding 6 figures monthly, and the added capital will only go so far, unless there is a major change in the interest rates soon, and that doesn't seem likely.They also say if we don't infuse more capital we may lose our principle too, as they will be forced to sell at a loss.

In my opinion, it is easy enough to do from afar as long as you have a relationship with a handyman, cleaner and a smart lock.