What rate/terms are you looking for?

Keep in mind that rates are higher than they were 4 years ago.

John, I am managing 3 properties and spend on the following:Hospitable PriceLabsIntellihost (for click rates and pricing optimization)CanvaOpenAIHoufy for direct websites

Financially it's almost always better to leverage but less so in higher interest rate environments when there are good investment alternatives, and not everything in life is or should be done for purely financial reasons. 

I got a letter jacking up my rate considerably and it went on to state that I would not be renewed for 2025.

Goal is to move mid-late 2024  Purchase June 2022: $510,500Down Payment: $102,100Interest rate: 4.875%Mortgage balance: $397,959Monthly mortgage, tax, insurance:$2,465Estimated rent $3,000 The home has an estimated sell price of $550,000 today and the area will continue to appreciate well.Home is in good shape.

As it is now, the cap rate and cash on cash return is not great once I calculate it out.

Rent Collection can be one of the biggest pain points while trying to manage a mobile home park.We have a few rules when it comes to rent collection that allows us to collect at a higher rate than the industry average.Rules of Rent Collection1.

One way or another, however, the investors must work to pay down loans, increase rents and decrease expenses wherever possible.

@Eric Lunsford  Generally the interest income from private lending is taxed at the ordinary income tax rate, just like earned income from a job or interest on a bank savings account is taxed.