Working with a broker helps you save time shopping, unlocking access to the hundreds of different lenders without all the market research.

They can shop multiple policies to give you a few options.

It became everything from a drug den to sex trafficking to an illegal auto body shop.

We both were approved for a 180-month 5.85% loan, as well as a 7% 30-year fixed mortgage, but we will continue to shop around with the idea that we would just pay off the entire mortgage once our funds become liquid. 

I've gone through the process of shopping out a loan for the property and it was decided that I'd go with a loan originator who initially told me the interest rate would be anywhere from 5.5-6%.

It's always good to shop around for rates and program options

Look at census data or local reports.Explore the Neighborhoods:Amenities: Properties close to schools, shops, and transit tend to attract more tenants.

It is actually a 10/1 ARM, so after the first 10 years the rate will adjust once per year for the remainder of the 30-year term.

I'd be happy to talk shop with you, feel free to reach out and best of luck this season! 

Author is Avery Carl with The Short Term Shop.