If you but now, and rates go down you can refinance.If you buy now and rates go up, now you have a below market interest rate.Basically, whether rates go up or down in the future, the outcome of buying at the current interest rate is almost always going to have a positive outcome.

Price - $960,000Preferred Lender rate - 5%Rent per unit - $1,700-$1,800 (3 of the 4 units we had leased at close)Unit size - 3bed | 2.5 bath + garageFinancials - 25% down, 5% rate, monthly cash flow roughly $900 

I believe that successfully navigating this initial investment will pave the way for future opportunities, whether in the same market or elsewhere.Living in New York City, I faced a challenging market ;)I chose Montgomery, Alabama.Here's my process:I compiled a list of states with favorable landlord laws.Using Brightinvestor, I identified cities within those states where the median home price falls below the national average ($420k).I excluded cities with negative income growth and rising unemployment rates.I focused on cities with strong appreciation rates over the past five years (over 10%).I compared price-to-rent ratios.I did break two rules: Montgomery has a slight decline in population, and its largest employers are an Air Force base and government agencies.One significant factor that influenced my decision was the promising price-to-rent ratio, suggesting potential for positive cash flow (though I remain cautious about appreciation).Regarding my acquisition strategy:I plan to employ the BRRR method with cash.

This is what he says verbatim:Notice that, based on a 5 percent cap rate, the property is worth only $1,228,600.

The cancellation fee will be calculated at the amount of the last full month Management Fee rate multiplied by the remaining number of months in the term or until expiration of the existing tenant’s lease, whichever is greater.The background: I was using LSI Property Mgtm Corp to manage my 3 duplexes in Panama City FL. 

Michael - I've always recommended "DIG" - Diversified Investors Group, who meets in Montgomery County and has a TON of events every month.

Hello everyone, nice to virtually meet you all.This is my first post on BP, and I write professionally, so I apologize for the longwindedness.

@Jonathon Weasel headTough to answer - it depends on the interest rates on the loans - if the interest rate on the car is low then I would say no do not pay it off but if it’s higher than what you can get for an investment then yes pay it off

The current market value of the NC property is around $260k, with an outstanding mortgage of about $160k, resulting in approximately $100k in equity.My current residence in Beaufort, SC is a 4-bed, 3-bath house with a higher interest rate of 6.5%.

In case helpful, here's more info on DSCR loans:DSCR loans won't use your income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.Here's a bit more in detail about how rates are calculated for DSCR loans:1.