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

What rate/terms are you looking for?

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.

Interest rates?

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.

BUT RARELY do they want to learn this... when rates got to 15 to 18% in the carter years.. to keep deals working I had to give my commission to the sellers and take back notes from them so they got some cash to induce them to sell .. and the sellers paid me monthly  Usually half of the payment No interest until paid..

After rehab is complete, you can work with a lender to do a cash out refinance and get into a conventional loan where the interest rate will be lower.

If so, credit is available, but at a higher interest rate.