Hi everyone,Have you recently bought a house in the NC coast at the current high interest rate?

I am not sure if a HELOC would do any good with rates being so high, it could also pull your DTI up too much, but it might be worth looking at.

I’m thinking of selling while prices are still high , and paying cash for a multifamily or 2 separate properties to get a better ROE than I have now, however .. if I’m patient rates will come down in a couple years , not to 3% , but perhaps that’s my better strategy , then I don’t have to sell and pay capital gains, I can rent this place out & buy another with a refi at 5-6% is my guess - thanks !

This number seems very high considering we just bought the house a year ago, and we know buyer is also paying a title fee as well (we did that last year).

DSCR Loans: What Are They And How To Get The Best Termshttps://www.biggerpockets.com/...DSCR Loans: How To Use Pro Strategies To Save More And Make Morehttps://www.biggerpockets.com/...Multifamily DSCR Loans: A New High-Impact Loan Option For Real Estate Investors?

Also at 50% down you are going to get rates in likely the high 6's to low 7's currently on a 30 year loan. 

You can hire a high school or college student looking for summer work to do it. 

The 20 could be a much more profitable and professional acquisition.

We're certainly seeing a very high demand on the investor side for loans in the area.

You have a inside track to high paying STR/MTR residents, or something that is just out of the ordinary.