The shorter the prepayment term has an impact on increasing the rate.4.

Although rates have made deals harder to find, I still see 15-20% cash on cash deals out there if you know where to look!

Trust if you would like but I think for certain properties, with certain rates it will almost certainly be off.

I still have a mortgage on the primary of about $450K at a 3.8% rate.

Location & Demand: Prime neighborhood with high tenant demand, no more than 2 weeks vacancy over 10 years.Strategic Positioning: Rented/sold at market's lower end with a 8-10% annual cap rate.

This strategic move paid off handsomely as we were able to command higher rents than initially projected.Here are the key financial details of the deal:Purchase Price: $270,000 (jointly with a partner)Financing: Obtained a commercial bank loan with a 30% down payment, 7% interest rate, and a 20-year amortization period.Initial Rents: $1050 and $1250Current Rents: $1400 and pre-leasing for $1500 (making it a 1% rule deal!)

Rental rates are strong county wide as long as you’re close to a city.

And no PPP on the 2 new ones we just got, hoping to capture lower interest rates in the near future and will refi.

I thought owner occupied loans are supposed be lower interest rates then non-owner occupied loans or DSCR loans also I asked the lender if she could adjust the purchase price to $750,000 to see if that would lower the interest rate and the interest rate actually went up to 8.625% and pay 0.353 points I'm thinking I should find a mortgage broker that can quote me with multiple lenders to shop the rate and loan costs instead of a direct lender Thank you for the help!

Is the supply still low and demand still high with the high interest rate?