Not much MF inventory here, most overpriced because so rare.

:Duplex is listed for 515,000“The 4.25% is a 10/6 arm, conventional loan, Fannie/Freddie product, amortized over 30 years.

A conventional homestyle may be a good fit for you.

The rate that you buy down to is your rate for the entirety of your 30-year fixed loan - it is not a stepdown like you might see on some conventional loan products.

Can ideas how to make a foreclosure sale go through when there's no stove or hood (usually required for conventional loans) seller won't do any repairs or credits.

Although we may see more inventory hit the market as people can escape "rate lock".I invest in today's market by searching hundreds of properties on the MLS, then going to see the top 10-20, then making an offer on the best at a price where I can cashflow after all expenses and putting 25% down.

It's even doing better than Columbus, OH, which is starting to fade.Detroit's focus on removing blighted buildings has been key to its renaissance, reducing inventory and improving neighborhoods. 

It's on a 3.2% rate) 30-year conventional, with a good amount of equity (I purchased it in the COVID-19 summer of 2020). 

Hi Kevin, I'm well-versed in the pre-construction market but also do existing inventory, it just depends on what the buyers are looking for.

I would look into an FHA loan or a 5% down conventional loan and go that route.