If you end upgoing to a "hard money" type, you're at a disadvantage as the premium you are paying should have been profit.

Premium - your capital investment is more than the amount of prinicipal remaining on the loan.

Or you may just be unable to sell.If you want to do this deal at a premium price, you're probably going to need to consider doing one of those more risky strategies like a land contract, wrap, or lease option.

(edit: I don't know that that was the case with this property, but I will be watching for the transfer to happen)So what do I do now?

Between rents and selling properties at a premium would be two catalysts for these future REITs being able to produce pretty good dividends?

But being the one really nice unit in an area of more modest units isn't going to command a premium.

If we want to lock in they charge us a premium but not sure if you can lock in a set rate for the entire 25 year term

They also red-line areas, whether they call it that or not, and won't lend at all on SFRs in C areas, even if they are still nominally willing to do SFR lending.They make far more money concentrating on doing conventional OO mortgages, which can be re-sold for very sizable fees (yield premiums) to Fannie and other investors.And the Fed's zero-rate policy is making it very easy for them to make piles of cash in ways that are a lot less work.

Unfortunately, most land comes at a pretty hefty premium as well due to these factors.In relation to the second post, we're looking to get into flipping and wholesaling currently, with long term goals of rentals for passive income as well.

Edited.