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

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

With the rates the way they are and in my area multi-family properties are being listed for a high amount like $800k for a duplex, with 2 apartments and 1 bath each. 

@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.

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.

So investors have been sidelined waiting for either home prices or interest rates to drop.

As a commercial lender the rates are lower on cash flowing properties. 

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.

Just a warning, heloc rates are high right now, mine is at 10% but you could find a better deal for a short period realistically.