In exchange for paying the high end of comps for the house at $500k without going on the market, the buyer was ok paying a commission because they knew they’d have to anyway to fetch that price on market.

Sometimes it can be overwhelming when you hear about other investors' 400 doors or multi-million dollar deals, at least it was for me.

Hey BiggerPockets family,I was just approved for an owner occupant, Fannie Mae, 5% down with a purchase price of $1.3 million for a 4plex in the Phoenix Metro of ArizonaMy middle FICO credit score is 759My current DTI debt to income ratio is 30%I have enough down payment, closing costs for the subject property, and enough liquid reserves for all 10 of my apartment buildings totaling 45 units in PHX Metro AZ my mortgage lender quoted me with a rate at 8.125% with me paying 0.156 points totaling $1,920My question is,does this 8.125% interest rate sound reasonable for an owner-occupied fourplex 5% down Fannie Mae conventional loan as of March 27th, 2024, at 1700 hours?

I live in orange county, California where there is basically nothing under $1 million.

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It was so complicated becoz even for the job we have to maintain the same job type for 24 months.But yea with 5% down, this strategy is fastest to print the first one million.

Investing in Ohio, specifically Cleveland,  is a great idea in my opinion.Recently, we have been breaking grounds on large development plans such as the Cleveland Cavalier's Perfomance Center, Blue Abyss aerospace training facility, Sherwin Williams HQ, and not to mention the multi million dollar Metro Health development that was completed recently that has just started adding rapid appreciation in the Clark-Fulton area.These projects will only increase demand and most are in the beginning phases.  

I have made millions here AND I have made tens of millions for the investors that I work with.

I've made millions in the Section 8 space.

We'll usually go up to $5 million per unit and we can phase the development up to about $20M (sometimes more) at a time.