The interest rate is between 7.95% and 9.95% depending on credit score.

This will vary depending on the bank. 

The timeframe depends on the deal struck between both parties and the seller's goals. 

The only thing I would say is in 10 yrs I think you would have more than 25-20% appreciation.. esp in that area.. so might be worth more plus rents continue to go way up so both are great options, just depends if you want hassle of having tenants or want cash now?

In terms of the formula, it depends on the neighborhood and property type, and yes, you can make it work.

Mike, each lender has their different overlays, but if you’re looking to get a hard money and or Bridge loan to begin the BRRRR  strategy, here’s a list of the most common documents lenders may ask for:- experience / track record- personal financial statement- scope of work / budget- LLC entity docs- maybe bank statements (lender dependent)everyone is different and each loan is a snowflake.

Ultimately, the value of the new duplexes in Hickory depends on various factors, including investment objectives, financial situation, risk tolerance, and property characteristics.

You wouldn’t be able to accelerate the entire $80k it would be more like 15-20% of the $80k depending on your exact property and as determined through a cost segregation study.If you’re not going to keep the property for at least 5 years or have a specific exit strategy in mind it may not be worth it to you. 

Whether solar is a good financial decision depends on current usage and available roof or ground space to build a system that offsets the usage.

Then you have to respond, usually within 21 days, but it depends on the jurisdiction and circumstances.