How do you feel about a $700k purchase price with a non owner occupied 4plex DSCR loan 3yr prepayment penalty, 10yr interest only 30yr fixed after$560k loan amount (20% down)7.750 par rate with no costs. monthly payment $3,616.66Or pay $22,295 in closing costs and get a 6.375% Monthly payment of $2,975The monthly payment difference between the two is $641.66And when you take $22,295 in closing costs and divide it by $641.66 that will give you 34.5 months (2.89 yrs) to break even if my math is correctHow do you guys feel about taking a lil less than 3 years to break even on $22,295And the seller is giving me $15,500 in seller concessions  thank you everybody for your help!!

Any recommendation on hot spot location to search for properties for fix and flips??

I have raised money to fill the park, we plan to fix the POH first then pull in used trailers. 

Is it because you plan on using the cabin for personal use as well as an investment, or are you planning on fixing maintenance/repair issues yourselves, or something else all together?

They always pretend to be confused and just want us to send someone.7) Some will cause damages that S8 won't require to be fixed, but will threaten to move if you don't fix it.

Some of these companies have gotten creative with lenders and can offer rates as low as 4.75% on a 30 year fixed loan.

Our market is really only for investors who are looking to fix n flip or short-term hold and rent.

There is a LOT that needs to be fixed/adjusted as things have not been correct for a while.

The average 30-year fixed-rate mortgage rate jumped 27 points from 6.26 percent to 6.53 percent on Friday"I guess I go back to buying properties with zero down, taking over 3% mortgages. 

You need to be looking to do some fix and flips and make some short term money.