Now other 2/2 in the neighborhood are running Rent rates of $1100-1150. 

Cash flow will increase when/if rates drop.2.

So for example a property you buy for $500,000 with a $300,000 assumable mortgage note with an interest rate of 5%.  

if you use a DSCR loan expect your closing costs to be 5-10K and your rate to be in the mid 7s to high 8s. 

Check their nightly rates, occupancy and amenities.

Why sell if your rate on the house is good and you could have two cash-flowing rentals there, the main unit and the basement unit?

Today’s Interest Rate: 7.02%(☝️ .04%, from this time last week, 30-yr mortgage)Good News Day!

What’s the avg cap rate for 1-4 unit multi family near ASU Tempe.

If you purchase a property, many of the costs on the closing statement are added to your basis.There may be some items that are eligible for an immediate write off such as pro-rated taxes, interest, insurance and hoa dues.

Pick your plan, look into the Kansas City area, use market comparisons, check your money power, look into loan options, put together a team, check cash flow, ROI, and Cap Rate, and make your bid after careful checks and talks.