Here’s my situation: I currently own a home the vacation destination New Smyrna Beach, Florida.

If any of you are interested in discussing real estate trends, investment opportunities, or simply want to connect, feel free to reach out to me.Once again, thank you for the warm welcome!

20% discount from the current sale price? 

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?

Understand the trends, property values, and rental rates in the South Hills area.

I'm currently looking at 2 hilltop lots in phoenix to build a dream home. 1 is located at Lookout Mountain and the other on Central & Jomax.

Two of the homes are over 25yrs old, and offer the upside potential to renovate and increase rents to market once the current tenants move.Question to this community is, are there any recommendations for lenders in this deal size and in this area?

There are several ways to qualify for a new purchase, but the current income will depend on how much is claimed on tax returns for 'full income' documentation.

I am currently living in the southwest.

I move cash from my checking account, that I don't need each month (your 130 dollars a week) into my taxable brokerage account, which is my "cookie jar", and then I buy a wisdom tree ETF ticker USFR which holds eight week US Treasury bills and currently pays 5.4%. and it re-adjusts much faster to interest rates than savings accounts or even money market accounts do.