If you are @ $50k and ACV, then that is not a good rate.

Hi guys,We have a home worth 650k, we owe 350,000 in a place where we couldn't afford to sell and buy another property (got in 2021, the 2.8% interest rate and before the crazy NW boom in Idaho.)

Hello,I bought a new primary last year and rented my earlier home as I am able to cashflow $200 per month (this is thanks to 3% interest rate).

There are very few lenders willing to do below $100k, the ones that do it offer a slight higher interest rate.

I see owners want summer rates in winter.

@Jonathan Jones I know of two subject to deals in middle TN at a 4-5% rate. 25-35K entry fee.

We have a portfolio of market rate and affordable properties in MN, expanding into IA as well, I'll shoot you a message, love to connect.  

Attaching a premium to a month to month contract will either motivate them to sign the original or the m2m at new rate goes into effect.

Investigate rental revenue prospects, market trends, vacancy rates, and regulatory issues in possible investment locations second.

So we have a networth so far of:104k - 15k = 89kBut, we depreciated the property for 2 years at 3.7k/yr total 7.4K taxable amount  which we would owe about 1.8k at 25% tax rate (I might be off a bit here and there)Final total net worth from what we thought it was 120k now is 87.1k which is a big difference!