at least not right away.  7.1% is not at all a terrible rate and presumably it's a 30-year fixed rate.  

It was 3% for 6 month introductory rate.

In a market where I would expect to see 8-10% cap rates, I’m seeing things go at 3-4%.

if you're looking to invest out of state, read these 3 threads first.https://www.biggerpockets.com/forums/48/topics/1159104-overl...https://www.biggerpockets.com/forums/12/topics/1171104-the-m...https://www.biggerpockets.com/forums/48/topics/1193623-rent-...with interest rates where they are, you just aren't going to 'cash flow' meaningfully on your first, or first few properties, for your first few years, if they are 'traditional' LTRs. with that said, if you're serious about picking an OOS market, i'd recommend going to your chosen market in person, probably multiple times, to set up your team.

From what HM told me, in addition to the points that his company charges (Each point is 1% of the loan amount), and the interest rates that you deal with when going hard money, the length of the loans are 6 months and 12 months, there is no multi-year loan.

Interest rates around 6% but looking to move for work.

For context, my rent will just cover my PITI for my primary, nothing more--interest rate is 6.3% on a 300k home (so side question, are other people also just getting PITI covered by rent in North Dallas single-family homes, or am I just bad at this??

Only make offers with seller credits that can buy down the rate to a place that makes financial sense. 3.

Now is probably a good time to gear up for future deals when interest rates or prices or both drop, but good deals are few and far between right now.

Thanks If this is an investment property you can get a DSCR loan on a 30 year fixed rate (no balloon).