@Jermaine Morgan In this rising interest rate environment it could be hazardous to wait 6 months. 

Hello fellow money makers,Can you offer any resources on where I can expand my knowledge of how macro events influence regional and local real estate trends? Questions I'm trying to get better at answering are: Where ...

They’re selling the house fully furnished, including a little fishing boat - hence the $1500 over appraisal  🙄As you can see from pics, the house is a small lake house, in good condition, but everything is original to the 1970s.

This is definitely a risk off environment.

However, even if you do find one - HELOCs are all variable rates and with the current interest raising environment, I would advise you to do some sort of fixed rate loan and buy the rate down, especially if you intend on keeping the property for a while. 2.

You need to stay disciplined, you cannot fish for a bottom.

Historically, I would finance as much as possible, but obviously 6% cap in an 8% borrowing environment is nonsensical.$1.3M purchase price$9100 gross rent- taxes $17K- water $2500- insurance $3000- 2% historical vacancy- $6000/yr repair/capex- In this area, tenants pay for broker fees.- NYC views, rents are slightly under market.

The landlord--by choosing where to invest recognizing that the regulatory environment can make or break you.Best wishes.

Rate and fees may be prohibitive in this rate environment, but if you're looking for cash out for another project and can't do a HELOC, then DSCR works.

The rule is a bit skewed in the current economic environment because interest rates are so low that it changes cash flow significantly compared to the normal 6-7% rates.