Again, competitive rates (much more so than HM or HELOC) and still have your money working in two places at once.We recommend #1 since we try to leave banks out of scenarios if they aren't absolutely needed but it is possible.Just some thoughts if you decide to liquidate a couple properties and happen upon some cash.Reach out if you have any questions.Best wishes!

Some of its emotional and they feel real cool and successful being in Class AB communities with decent tenants.

Would the seller be interested in carrying a 6 or 12 month note for you for the remaining downpayment amount to buy some time to liquidate the condo?

Right now that is primarily education and finding deals.We don't have any liquid capital.

immediately followed by: Do you have any liquidity?

If you have more liquidity in your 401K or other investments that would satisfy that condition for reserves.

@Matthew Forrest cool!!

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?

Its always cool to see folks from the EU come over and try their hand in US real estate.

Cool post @AJ Wong.