We have 1 STR in Banner Elk and nearly a dozen long term rentals here in the Lake Norman area.

Tampa apartment deal purchased in 2020 with 10-year fixed or floating debt (doesn’t matter for this example) at 65% LTV.  

But everyone's situation is different.I spoke with my accountant the other day and he floated the idea that I should refi my whole portfolio so I could "operate at a loss for awhile".

Some lenders even allow you to lock the used balance into a loan rather than having the rate float or adjust as many equity lines do.

The Treasury Dept is floating 1 Trillion a quarter now in bonds, because we frickin' Told them to, and that huge supply drops price and raises rates, and every year its gettin' worse, and even my math tells me the rate of change is accelerating.

One of the two operators was asked about fixed vs floating rate debt.  

That means shorter loan terms, higher qualification hurdles and floating rate or balloon components.Finding financing for multifamily properties in the 5-10 unit range typically means local banks and credit unions, or small balance commercial lenders.

Much like fix and flip loans spiked up to 11-14% for a while, and are now back in the high 9's to 11's, I think it's encouraging to see the terms floating back to closer to where they were before. 

Each lender has their own standards or parameters, such as draw period, FICO required, whether it is interest only or principal and interest, whether you can lock a portion of the HELOC or it is all floating interest rate, etc.

That means shorter loan terms, higher qualification hurdles and floating rate or balloon components.