Most lenders will follow a 5,4,3,2,1 Step-down penalty for the lowest rate.

Without boring you with our analysis, at a 50% occupancy rate it would net us about the same as renting it out long-term.  

I’m thinking I need a landing page, ideas and content for the landing page, platforms to advertise on in order to reach my target audience, etc.

So we negotiated for a seller financing deal with very little down and a very low interest rate How did you finance this deal?

Are interest rates just too high now to buy a rental property?

Hi Paul, Dont forget to Research the current real estate market conditions in Suffolk County, including trends in property values, rental rates, vacancy rates, and demand for multifamily housing.

Last time I approached lenders I was approved for a loan with an interest rate of 9.5%, but that was when I was trying to purchase through an LLC so it was a commercial loan.

Bookkeepers who serve REIs have to have a good amount of U.S. tax code knowledge or at least have to know where to find the info.You're not going to get this for $4/hr.I think outsourcing other activities to other countries to take advantage of exchange rates can be effective but do yourself a favor and don't do this with your bookkeeping/accounting/tax advisory/tax filing/etc (anything financial).Just like Kristen Ambrose, we see really screwed-up bookkeeping records from these types of situations all the time.

The rebound came suddenly amid still very high interest rate environment.

Must withdraw the full amount, fixed rate for the balance of your loan, must pay origination fee, choose short term of 5 yrs to lock in best rate.