That rate sure beats the 12% + 2 points of my last hard money loan.  

So it started raising questions.I think the rate and terms worry me more than the misspellings, but I would probably pivot from that group. 10 year treasury is at 4.42% right now (as I type this) so 5% is.... doubtful.

From a lending standpoint, most loans <$150k loan amount has the highest risk and, therefore, higher rates.

Traditional 30 fixed rate year mortgage How did you add value to the deal?

It fits within our buy right criteriaWe own 12 units right next door.Newer vintageThe three beds are in high demand, and we are blowing away the 1% ruleThere is very little cap exWe focus on PPU (profit per unit), and this is going to profit nicely and add to our scale in that part of the marketExit strategy is to refinance our capital out when rates drop, and to hold long term.You have to be willing to take what the defense gives you, and you have to understand all of the investing strategies and know when to use them2021 and 2022, we only did about 200 units, smaller deals, but very profitable and we’ve refinanced all of our capital.2023 was an excellent year. 128 units, 105 units, and 97 units.If you aren’t doing deals, you can always be improving operations, meeting more potential investors, and creating more relationships.Life is like real estate.

Depending on how elaborate the note is or whether it's simple and fixed rate will and if it's in a primary or secondary position will determine the overall cost.

We will certainly get things wrong sometimes, like every real estate investor I know, but have a very high conversion rate. 

Unless rates have dropped or stayed close to the same than a cashout refinance might work and take some money out. 

Since then my rates have gone up and the deal isn't as attractive.

🏠📈 Real Estate Update 📉🏠Here's the latest market report (based on single family homes):🏡 Mortgage Rates:30-year conventional rate today is 7.01%30-year VA rate today is 6.46% 💰 Median Sales Price:February: $460,000March: $475,000📈 New Listings:February: 1,669March: 1,798📅 Median Days on Market Until Sale:February: 21March: 16⚾ Oakland A's Move to Sacramento for Interim Ballpark: The Oakland A's have announced their relocation to Sutter Health Park in Sacramento starting next season, sharing the Minor League stadium with the San Francisco Giants' Triple A team, the Rivercats.