Make sure you draft the financing contracts since you want to avoid being locked in at a rate for longer than necessary.

it’s tricky having him locked in there for 3 years.It depends on how good is the deal for you to consider if it’s worth pursuing.What’s the upside?

For me if I didn't want it locked up in anything I would probably put it in the stock market.

Seller wants to close on the house without transferring the keys to me during the close and suggested that I change the locks as soon as I close. 

We decided against the LLC route after finding exactly what you did, that loans are cheaper and longer without one, and we wanted to lock in low rates for 30 years, so we went the umbrella insurance route. 

They also have weekly promo codes and was able to lock in a 35% discount. 

It costs the same to repair a refrigerator, change a lock, clean a carpet, whether the rent is $500/month or $1,500 per month. 4.)

The HELOC is fixed for the first 5 years and then it will adjust with prime, the draw period is 15 years, and the amortization schedule will be 30 years.Since I think the market is hot/inflated right now, and inventory is low, my goal was to get a high appraisal, lock in a HELOC, and use it to buy properties at a discount down the road (assuming that prices will reset within the next 5 years).

I then got a call from the mortgage company in the afternoon telling me that mortgage rates were skyrocketing and my new rate with 0 points would be 6.5% and I need to lock or it could increase even more. 

Hi all,     I'm trying to lock down a deal on a multifamily property.