But with the new high interest rates it is very hard to decide if I should wait or bite the bullet.

I had owner finance $3,000,000 dollars, 4% interest rate, 10 year term.

After sitting on the sidelines trying to get into real estate investing for several years, I have the opportunity to purchase a 1 bed, 1.5 bath home in a desirable part of the California desert.The purchase price is $299,000 with a 7.3% interest rate and 3% down.

My interest rate was just over 3 percent. 

Moreover, new built homes are underpriced with so many incentives like rate buydowns, flex cash and cash off the purchase price.

And what rates are people paying? 

Critical Update: Waiting too long for the Fed to cut rates could significantly impact your approval chances.

With an assumed loan providing a lower interest rate and accelerated amortization, the income generated from house hacking can be leveraged to pay down the mortgage principal even faster, or the extra cash could be saved to be used towards your next down payment!

If you don't plan to ever househack this duplex, I would let NOI, cap rate, expected appreciation, and projected IRR drive the valuation.

How is your occupancy rate?