Most lenders are charging 2pts these days, but I'm starting to see that approach 1pt or less, especially for experienced borrowers. 

We are looking to expand our portfolio to include short term rentals and we are also looking to start real-estate development. 

I'm starting with a focus in Palm Bay, Port St.

Is this possible starting out or do have to live in the property a year or 2 first?

You should start by demanding it. 

Investment Info:

Large multi-family (5+ units) commercial investment investment.

Purchase price: $2,010,000

Cash invested: $600,000

purchase with tenants in place, many long term

What made y...

Nothing sits on the market for a year that isn't wildly over priced, poorly marketed and/or made difficult to show.Potential buyers have probably tried to see the place and are being denied or some sort of nonsense to make them not want to make an offer.I bet the realtor will have some interesting info to share - or if they won't say anything to you bc their agreement is with your partner kindly share with them that the houses are in your name and the listing's need canceled immediately unless they start cooperating.Have you laywerd up yet?

I am already starting to see more activity in the market as the interest rates drop, across my listings and also more of my buyers becoming more active, I am sure this will be a domino effect and eventually cause sales volume to increase across the market as a whole both locally and nationally, DOM to decrease, and create a temporary FOMO in the market if rates drop to quickly.

I'd recommend building genuine relationships in any investment process.

If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.