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?

Purchase price: $250,000 Cash invested: $62,500 Buy and hold investment.

Purchase price: $120,000 Cash invested: $240,000 Off market seller finance deal What made you interested in investing in this type of deal?

On a recent home purchase, I submitted an offer and I was told there were no offers on the home when I submitted mine.

Having said that my last purchases were Dec 2021 (I purchased $4m of RE that month).  

Investment Info:Mixed-use building Purchase price: $405,000 Cash invested: $20,250Mixed use investment. 2 residential units with 1 storefrontWhat made you interested in investing in this type of deal?

You can also purchase inside of a LandTrust for additional anonymityPro- Legal protection; combined with the right type of insuranceCon- Traditional bank will not lend to an LLC with no track record. 

Purchase price: $12,500 Cash invested: $130,000 Sale price: $204,900 Purchased home and completed a complete renovation of the property.

@Stephen Dispensa It was quite overwhelming when my broker first told me how much the property tax will jump once I purchase vs what it is now.

The Tampa Bay area is more than likely not your market with those buying criteria.You will have to put meaningful sweat equity and be creative in your leasing (MTR, rent by room etc) to produce a 3bd SFH  <200K purchase price that cash flows.