The rental market in Central Indiana is officially on fire.After a slow November/December, January began with a bang and continued into February.We're leasing at an impressive rate right now, which is great news for both our Leasing Team and our Owners.If your home is sitting and not getting activity, it's time to reconsider things... price being the most powerful lever to pull.

Cash flow with a 7% interest rate is hard to find, unless you are comfortable with fixing something up.

Additionally, other lenders are offering either a 70% LTV or unfavorable rates at 80%.

Assume 8% mortgage rate and 30-year term.

Usually the interest rate and points are a little higher up front than a traditional lender but it's a good alternative to bringing on a partner.

.- $500 - $1,000 flat rate breakup fee, payable only in year 1.This very simple, but higher headline, fee structure better aligns incentives.

Also, I hear that Ohio has pretty good returns based on purchase price and rental rates. 

What has been the vacancy rate?

Above 5+ units is possible but more challenging and rates are where you would expect them..50-65%LTV will be common for higher plex units, a common workarounds is if they have a US based family member or business partner with an LLC..Some investors or lenders have specific countries of origin that are restricted or even prohibited, check with your mortgage professional. 

The CMA is right on the sale price - My payments to the seller includes a 25 year amoritization rate, so my monthly "mortgage" to the seller(300k with interest) is greater than their current mortgage. (200k with the same interest rate)- Going the regular financing route (25% down) is not desirable since I would need to dip into my primary residence HELOC for the downpayment.