I’ve been exploring MF properties because complexes in the $1M to $1.5M range appear to generate better NOI.

But we’re starting to see this program gain traction along the Front Range especially with lower income tenants and properties.

As seen above, average rates were in the 6.5% range and projections for both MBA and Fannie showed projected higher rates before they came back down.

It definitely has fulfilled all of my expectations and more...and what I love most about it is the fact that it is completely user friendly -- it's a very intuitive program with a vast array of features.

There is no harm in reaching out for a slight difference in budget you can just say that you got there contact on FF and have an available unit slightly above their price range and tell them the price and let them know to get back to you if they are interested.

Then you can see where your property would fall in relation to the comps (or if you are bringing a property online, you can see what you have to do to get to the higher range of the comps).

Keep in mind refinancing costs typically range from 2%-5% of the loan amount, so weigh the upfront costs against the long-term savings to see what works best for your goals.Good luck!

I'm a property manager that manages along the Front Range from Fort Collins down to Colorado Springs and everywhere in between.

I do this because of vast interest + kids to leave this to & show.

You give vague answers to specific questions.For example, when someone asks about potential rent, and they provide enough information for you, don't respond with an extensive range.