Hey Su -It's not true that prepayment penalties aren't allowed in Ohio in ALL instances - this varies based on lender and/or loan amount.

If that was true would they have not gone down substantially when rates went up?

Is that true in this case?  

Quote from @Tyler Carter: Just because you hear something doesn't mean it's true.

@Dustin Tucker - I would say that half of that statement is true because it depends on the time period when you buy. 

@Jon Rosburg, I'm an agent for the STS, and it's true, we do have a lot of clients assigned to us individually, but not all of them are looking in each market at the same level or with the same focus/intensity. 

Yes this is true about living paycheck to paycheck for renters.

While this is likely not true for Wellings, I see many, many formerly equity syndicators that seem to have deals going sideways from 2021/2022, now all of a sudden being "private credit" syndicators (I have noticed a lot of these pref equity funds/investments are calling themselves private credit, which clearly has a broader meaning).  

True non-recourse is extremely rare when investing in small commercial or residential properties and frankly does not really exist at the feasible LTVs most investors are looking to do. 

What is something that you thought was true about the real estate industry / investing, but turned out to be different  / not true once you actually gained the experience?