I recently pre-qualified with them and was told the interest rates are all the same (6.0%).

The buyer pays the equity and gets a killer rate! 

In an accompanying video, I also pointed out that Utah had the highest population growth from new births (see the heatmap above, courtesy of Pew Research Center’s analysis of Census data).Metros along the Wasatch Front, such as Salt Lake City, UT; Provo, UT; and Ogden, UT continue to see strong job growth, low vacancy rates, and relatively high price appreciation.

Class D always have higher Cap Rates than A and B.

Monthly payment is 1900 with a 6.5 rate and would rent for 2500.posted in another group but realized it was the wrong one Hey Keith, I've helped other clients do this sort of thing - vacating a primary residence and then pull out cash to purchase another property elsewhere.

Time for the economy to reset and interest rates to come down. 

If you are and that quote is at full RC then you have the best rate there is.

Even after renting, you should check the market every month or so to keep an eye on prices, vacancy rates, etc.

They could self manage for several years, using the rental income, until the next phase of their retirement.If they have a decent amount of financial discipline, they may want to get a HELOC now before they build to get the most favorable rate.

If someone dramatically overpaid in the peak of 2022 and didn't sell in 2023 when rates were at their highest than the chances are they will be fine in the coming year.