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19 April 2024 | 15 replies
Here's a bit more in detail about how rates are calculated for DSCR loans:1.
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19 April 2024 | 20 replies
So this may result in a higher interest rate.
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19 April 2024 | 1 reply
In the Midwest you can expect to find 2-3.5% cap rates, appreciation makes up for the rest.
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16 April 2024 | 4 replies
Quote from @Nick Bednarczyk: Reminds me of what we saw in the 80s and 90s when we refied into 5-6% rates when we had the chance.
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19 April 2024 | 3 replies
Knowing that market rates are in the high 6s at best, and much higher most likely, I would be looking for at least 6% interest.
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20 April 2024 | 100 replies
But, these properties are living, breathing and moving things that are all exactly the same, so you should just use your standard assumptions about payment and vacancy rates.
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18 April 2024 | 46 replies
interest rates dont affect properties at this price point.
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19 April 2024 | 9 replies
I would also look at the current interest rate and term to see if that's a lever I could use to change the cash flow situation.
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18 April 2024 | 11 replies
Lose the price discount, lose the incentive.
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19 April 2024 | 3 replies
You are probably better off getting a new loan, unless the assumable loan is at a really good interest rate.