Most investors we represent had at least a 5% increase in rate.

The value is continuing to increase on Hilton Head, but with buyers sitting more on the sidelines with interest rates, deals are being done in this market that can only be done right now.

For anyone who’s invested in the Blue Ridge area, I’m curious to know what occupancy rates you’ve seen (based on your property). 

Also, don't listen to people who continue old school book advice about putting 20% down on multiple properties for leverage. 

We’d love not to refi bc we have such a low interest rate.  

Once you vacate your old primary and covert it as an investment, then you can cont. buying your next property as a primary residence with low down payment and lower rates than investment property.

Hey @Lisa Graesser, LG tops their list of most reliable washers and dryers.https://blog.yaleappliance.com/best-top-load-washersLG is the top rated.

Property Details: SFH 6 beds 2 Bath 2016 sqft - Rented by the room.Purchase: 340,000Amount Financed: 272,000Down Payment: 20% (68,000)Purchase Costs: 12,777Loan Type: 30 yearInterest Rate: 8.75%Rents: 3,300**********************Investment Returns - Year 1Cap Rate (purchase) 8%Cap Rate (Market Value) 7.1%COC 1.8%Return on Equity 1.3%Return on Investment 25.1%Internal Rate of Return 25.1%

Once that term is up you have to renew at the current rate.

What I’m hoping to do is to pull some of that equity out to buy more, but a cash out refi on any property puts it into the negative cash flow situation since my current rates are mostly 5.5% or lower.