Hello Everyone, My Sister Just got married and with high interest rates, and high cost of homes in Utah, it’s going to be really hard for her and her family to afford buying a home.

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.

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

You might drop that exact place into another area and not see anywhere near the 242k in revenue.

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

A heloc is an open end mortgage or in simple terms its a high risk credit line similar to a credit card that sits in 2nd lien position adding another trade line to your credit and reducing DTI.Just like a credit card if you ever miss a payment on any debts on credit or if your scores drop unexpectedly they bank can close or reduce your line of credit.