Home loan borrowing costs eased again for the third straight week as the average rate on a 30 year home loan declined to its lowest level since April. 

Sellers are responsive to mortgage rate declines and lower rates could further boost listings later this year. 

@Andrew BrownI'm in the Reno Tahoe, Nevada market and we have tools that rate every property in our local market for cash flow potential.

@Jacob PalmerTaking over tenants in a duplex means you must honor lease agreements, transfer security deposits, and provide proper notice.

Normally, the cap on seller concessions is 6% of the sale price, but that’s not the case for commercial loans.Here are the trade-offs:5-year stepped prepayment: A typical residential loan at this price point isn’t allowed in the state, but with commercial, those rules are different.20-year amortization: This means higher payments, but it forced me to ensure my deal works under strict terms.Interest rate: It came in at 7.9%, not stellar but still good.Overall, I’m pretty proud of this deal.

Winters can be tough so we use airDNA to get a sense of the Average Daily rate and occupancy for the year.

The security deposit should also be transferred to you as part of the closing.

The private lender interest rates are high.

However, it’s essential to consider the challenges of investing in Detroit, such as high crime rates and poverty, before deciding.

The most disturbing is the absorption rate in my opinion.