Down payment, credit score, and pre-payment penalty (on DSCR loans)  effect the interest rate and the cost of the loan a great deal.

I'm a Business Development Manager at Groundfloor Finance.

I'm very interested in exploring innovative financing strategies to acquire and manage properties.

Not all would take the time, but I liked to encourage it because it can help avoid costly mistakes.

The consensus seems to be that the Fed will drop rates by 1% by year end, which could allow you to refi in the near future, but there are costs involved in doing so.

Have your systems and processes in place to have the business become increasingly more autonomous (cleaning, pricing, property management software, automation, etc).

In addition, targeted searches for "apartments 77008" and "greater heights apartments" have lower competition which provides a great opportunity for organic and lower cost of acquisition.Household Composition: 77008 shows balanced demand for both family-oriented housing and non-family units, promoting investments in single-family homes and high-quality apartments. 77063 indicates higher demand for rental units and smaller homes, focusing on apartments and affordable housing options.Despite higher entry costs and a lower percentage of renter-occupied units, 77008 appears to offer better prospects for appreciation and lower vacancy rates, making it a more suitable choice for investment.Greater Heights OverviewThe Greater Heights area (77008), often referred to as "The Heights," is renowned for its prime location offering a blend of amenities, top-rated schools, and abundant job opportunities.

Unfortunately so has building costs 😕 Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

This approach helps you build equity while keeping living costs low.

That said, if the tenant caused damages, the tenant can be held liable for the repair costs.