If rates drop in the future, refinancing again could lower your payment, but it’s good to make sure the numbers work now just in case.

It is in a northern MI Downtown area (opp zone) in a county seat with 2 hospitals, had it re-zoned to mixed use, and is considered blighted which makes it eligible for MEDC funding of up to 50% of project cost.It is 8k sqft (4,000 each level) with the lower level being a walkout (top level is street level with sloped drive down to the rear of the building).

As an example, although we are “hard money” lenders we seek lower rate long term financing for our real property investments.  

So, you might only have 3-4 outlets in the room when you are done instead of 5 but you have upgraded the electrical in the room at a lower price point.

Obviously right now is a lower valuation, but there is always ways to take advantage of the currency spread. 

While cashing out more equity might seem appealing, it will result in a lower cash-on-cash return due to the higher rate and LTV.

So at the end of the 5 years, you are just treading water with the lower price point home, while you made headway with the other one. 

Big picture, however, I am building a plan and team to invest in strong markets with lower entry prices to BRRRR 5+ unit multi families.

Hey Chris would love to visit.  100% of my business is helping clients in all 50 states with purchasing vacation homes/STR properties. 90% of my clients use the 10% down loan because the lower down payment requirement and rates/cost similar to a primary residence.

Future job growth over the next ten years is predicted to be 18.2%, which is lower than the US average of 33.5%.Crime is ranked on a scale of 1 (low crime) to 100 (high crime)Binghamton violent crime is 36.6.