Rents and property values rise pretty steadily in our market at a rate about 2-3X the national average.

Approached the seller asking they pay all closing costs, received enough credits to buy down the interest rate back into the 5-range (current rates were in the 7-range).

Approached the seller asking they pay all closing costs, received enough credits to buy down the interest rate back into the 5-range (current rates were in the 7-range).

Now the interest rates.

The first year was tight because of higher interets rates, but his tenants effectively covered about 70% of his living costs.

We use a custom spreadsheet and DealCheck to break down key metrics like cash-on-cash return, cap rate, and debt service coverage ratio (DSCR).

However, it can come with extra costs for setup, maintenance, and potentially higher interest rates on loans.

I am very happy with the performance of my portfolio - all my properties are between a 10-13% cap rate.

So I’d call it a wash.That puts the cap rate in the 9 range.  

You can also sell them on sites like paperstac, debexpert or others as well as brokers like Mission Capital, Rams or Phoenix.Depending on quality of paper and interest rate will determine sales price - also I would say self servicing can have a negative impact on the sales price as the major players in the space are not fond of self servicing.