Rates on DSCR are nearly the same as a conventional investment property loan.

The question I have is regarding the current rates… they are either hovering high 6s or low 7s right now.

A cash out refinance to buy more property would put a substantial dent in cash flow with current interest rates.

That banana republic management approach to the economy has caused high interest rates.3.

It's cheap and fast, so you should go forward with it.

(in fact, the rehabber had extra expenses because they had to fire rate the garage).

Thanks,Robert Robert,Would either have to look into some kind of a Quit Claim Deed to transfer it into your entity, or just fully refinancing either cash-out if you have any equity, or doing a rate and term refinance where you just transfer the existing debt in the property into your LLC.Payments could go either way, by being a member of the LLC, any rent payments could be linked to you pretty easily.

Higher taxes, higher insurance, higher interest rates.   

With interest rates at a steady increase, typically investors in Multi units are looking at 8-11% interest on conventional, commercial, and PML options.

Even though you only need 15-30k, DSCR loans are typically at least 75k as the minimum requirement and you'll get an increase on your rate for having a "low loan amount."