Why are you double closing in the first place?

I am just getting used to browsing on here but so far it is information overload.

I look forward to having this property in my portfolio for years to come.

.: Hi All,Was hoping to tap the groups expertise on explaining/guiding me on financing options.

You will probably be better off focusing on paying that off as quickly as possible rather than putting money in a HYSA and definitely more so than putting it in a Roth.

I've been having this conversation lately with a lot of the owners I work with as well as those who self-manage.

@Paul Bogard going to assume you are buying this proeprty to live in while you "house hack".First, you should understand +95% of real estate agents ONLY know how to sell owner-occupied properties and are almost useless for investors:(Find an agent that has rental properties themself or can PROVE they've got successful repeat investor clients.Secondly, you can greatly improve your cashflow by renting out your other bedrooms.

As of this morning, WSJ Prime is 7.75%, so I would expect the rate to be over 8% at the very least.

This is an example of someone violating law to make more money, and it could eventually come back to bite them.

Has the agent spoken to the builders in the area who may need lots?