Spent a lot of money on a useless custom floorplan and various surveying costs. 

US Prime Rate is used by consumers – it is the rate at which banks lend to their best customers."

Some properties will require different rehabbing than others, but we will stick as closely as possible to the system we have in place for ALL properties.TEAMS AND SYSTEMS In time, our team will grow to consist of the following: Agent/Broker CPA Lawyer Escrow Officer/Title Rep Insurance Agent Property Manager Handyman Private Lenders/Equity Partners ContractorsWe will follow the same rehab plan for all properties, as closely as we can, in order to streamline all decisions and maintain the desired budgets for each property.EXIT STRATEGIES AND BACKUP PLANS Our foremost exit strategy will be to sell the property once it has been rehabbed.

Gather a team together,  a realtor and, a lender or, broker.

My goal is to pay off the loan within 5 to 10 years.I’ve spoken with a broker and received the following quotes.

IDK I am more frustrated with myself than anything, but we have attorneys, realtor, mortgage broker and RE investor telling us this is BS/scam so why am I still pondering on it lol I guess cause they have a hefty $down payment and my CC on file to deducted monthly fee!

Excellent location in Mesa.I shopped around and I found a mortgage broker who was able to get me a 6.99% rate who took the loan to UWM (united wholesale mortgage).I negotiated a $15k seller concession I used for a 1-0 buy down so my rate for 1 year will be 5.99% and then revert to 6.99% for 30yrs. and then we used the rest of the concessions for closing costs. in 6 months or 12 months I will revisit to see if mortgage interest rates dropped significantly to justify a refinance to lock in a lower interest rate.part of the approval process for the Fannie Mae 5% mortgage is to make sure that i could afford this property and that i have good credit, my income is consistent and stable and it reflects that on my tax returns, I have sufficient capital reserves for the subject property and my other 10 Multifamily properties (6 months of PITI for the subject and then it's percentage based off of the loan amounts and how many properties you have)I agree, the more that government "helps" they therefore are increasing pricing.

When I reached out to customer service they said this is a glitch they are aware of and in the process of fixing for Bigger Pockets customers.

On my schedule is to start identifying and researching the top RE pros (Agents, Brokers, Investors, Property Managers) here at home and in the markets within a driving distance (Huntington WV, Lexington KY, Columbus OH, and Charleston WV) and start weekend visits just to drive around.

If you are planning to do a few of them or even just a couple a year, it might be good to check in with a broker that is familiar with the space and has the connections and knowledge to help get you what you need.