I have access to others of like mind that can help me put syndicates together to purchase larger apartments.Outside of real estate, I'm busy as a CFO to a large dental practice that my husband owns that brings in capital for us to invest in RE... and I love taking care of my girls that are 16, 13, and 9 and teaching them all about passive income investing via RE.

Additionally, I proposed introducing new retail products, and the owner has offered me a 40% share in return for my expertise in retail.

I purchased them with the idea of having retirement income in about 9 years. 

Drug out the process so long I had to pay additional EMD to save the deal.

Hey BiggerPockets family,I was just approved for an owner occupant, Fannie Mae, 5% down with a purchase price of $1.3 million for a 4plex in the Phoenix Metro of ArizonaMy middle FICO credit score is 759My current DTI debt to income ratio is 30%I have enough down payment, closing costs for the subject property, and enough liquid reserves for all 10 of my apartment buildings totaling 45 units in PHX Metro AZ my mortgage lender quoted me with a rate at 8.125% with me paying 0.156 points totaling $1,920My question is,does this 8.125% interest rate sound reasonable for an owner-occupied fourplex 5% down Fannie Mae conventional loan as of March 27th, 2024, at 1700 hours?

The purpose of that LLC (I presume) is to hold your property and keep track of expenses and rental income for that property.

@Drew VrskaMake sure you understand Debt to Income ratio.  

I realize they are selling properties and not guaranteeing income but I was more or less sold the promise of leased properties.Yes, we all know they sell at a profit and I have no way of knowing their profit and loss figures.

I've been using freetaxusa and turbotax and neither software has the option on t he Schedule to file it in a way that enacts the STR Loophole and allows the loss to be offset against my W2 income. 

We are happy to do full income verification and personal whatever to get a better rate than that.  1.