It is first reported based on when it's in service. 

Yes this is possible.Go check with your original lender on the first property if you had one. 

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.

Quote from @Allen Zhu: Is hard money lender worth it for first time investors?

Hi Karla from Montreal, Canada-You ask an interesting question.Should your first real estate investment be new construction, since you and your partner have construction management experience, or flipping an existing home as you originally thought you would?

First thing, a purchase cap rate of nearly 10% on a $300k home that doesn't need much rehab seems VERY high.

In 2023 when the interest rates went up and my minimum payment tripled , I sold the house for a profit.

Hi Wendy,Coming from a Banker in most cases the Heloc is a Line of credit you only pay on the amount you use and a Heloan is the bank/lender gives you all cash.Lets say you borrow $10K as a heloc and in the first few months you take out $1500.00 your payment is only going to be based off the $1500 and not the $10K because the rest in the line of credit (LOC) not being used - Same as a credit card.

We have worked through Zillow to advertise a midterm rental (also on other platforms too). However, today an application came through that meets our credit score cut off, but this person has NO credit cards, has close...

Definitely something to clarify upfront...If you’re replacing with another restaurant, it should be an easier transition since the setup is already in place.Your biggest risk is vacancy $450K/year is solid, but if you ever need a new tenant,  ensuring the lease rate is sustainable is key!