@Jeff Roth what discount is that investor willing to give on a package sale?

They were chroniclaly late and behind on their 5.125% interest rate $363K 1st lien FHA Loan obtained 6-14-2018 which had paid down to around $318K.

After this additional deposit, your security deposit balance will be $Y.Even after this increase, I know your monthly rate is still well below the average market rent for 1-bedroom apartments in [CITY].

Obviously this doesn't make a lot of sense from a cash flow basis but if we were to refinance it later on at a lower rate, after we do some upgrades, that could significantly help us but the reduction in cash flow is concerning.If we take the equity out and truly Brrr it, then we are doing better because we avoid the lower value mortgage but can finance at a higher level after reno.  

My team has helped many investors find house hack opportunities in Texas either through purchasing a duplex, triplex, or 4plex even in today's market where rates are higher than we'd like. 

Beyond that I could name a ton of tangible site benefits of subscriptions like all the calculators, discounts with partners like Home Depot, the great reports and webinars with tons of data on current markets and trends or the landlord forms just to name a few. 

For example, the unemployment rate, relatively low, is 6.5% versus MA's 3.5%It's been a long time since I was more familiar with Springfield, so I'm not sure about the impact of the casino.In general, similar to other working class cities like Fitchburg, in Springfield I'd imagine you'd fine the following conditions:- Attractive Cap rates- Medium vacancy- You're paying a realtor or property management company to find tenants (in higher end cities the tenants pay the realtor fee)- Section 8 tenants -- could be a negative or positive, depending on your view.

What are cashout refi rates looking like on primary residential these days?

PP is $250k, with a fixed 7.7% interest rate for 30yrs.

Full article link: https://www.biggerpockets.com/blog/2024-dscr-loan-rates-and-...After a decade of relative stability in mortgage rates, the last few years have seen unprecedented volatility and changes in mortgage rates.