Thats 400 more, per month, every month, for 30 years… an additional 144,000 in just interest payments alone.But check this out, not only have rates shot up over 250 basis points, 2.5%, from 4% to 6.6% but what else has gone up?

Hello Friends,I just got my first investment property ever in Cleveland. I want to use my own home inspection company rather than the brokers. Is there anyone who can guide me please if you have a trusted company?Than...

However, the other friend (who is a loan broker) said it's better to do a note, so that I can refinance as a rate change in 2 months.

You can use this tool to figure out that part: https://docs.google.com/document/d/100dRzu-iQEIZbR1adxIASdH2...Once you have that you should engage a local broker to discuss the options for those types of uses in your market and they will be able to help you understand the overall picture and cap rates of the various options.

I do understand the points and interest rate will be higher with a HML but it is more important to get my first deal done and learn from that then to need the biggest return I can get.

Cash flow is difficult to come by even in Class C areas with higher interest rates.

The current mortgage rate on my duplex is 3.5%.So I just don't really know what to do.

All this seems straightforward, with the understanding that this money will incur higher interest rates and will need to be paid off as soon as possible.

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I appreciate the tax rate advice!