Quote from @LeOla Fletcher: Hello everyone,This is my first property bought April of 22 @342,000 w/a 3.7% interest rate.

How would you rate it?

We've seen our area MLS which covers about 20 counties come down to an average sold to list price ratio of 95.1% and Knox county specifically has come to 96.4 % which is lower by about 2% from this time last year and down from our peak this year of 98.5%. but it's about in line from winter 2022 into spring 2023 which was a time when rates were rapidly rising.

This is networking, tapping your current list of friends, family, co-workers, other real estate investors, etc.Ideal duration depends on business plan: I, personally, am a fan of long-term fixed rate loans.  

Throw in the fact that properties over the next few years most likely will have very low to zero appreciation and they probably do not get you a net of $6k a month even if you considered the principal payments you are paying down and lending right now is a far better situation to be in than owning property - just as the opposite was several years ago during very low rates and high home appreciation. 

For example they will buy down the interest rate.2.

This typically means lower down payments and better interest rates compared to traditional investment loans.

While traditional banks provide lower interest rates, they come with strict approval processes and long wait times.

Assuming the insurance premiums don’t significantly impact my cash flow (which is one of my primary goals), how do you assess the risk of taking out a loan under my personal name versus opting for a commercial loan that requires a larger down payment and comes with a higher interest rate?

I am about to close on my first multifamily property (5 units) and I am having a hard time finding an insurance company that can give me any kind of decent rates.