The HELOC will likely be variable rate (mine has adjusted from less than 4% to 10%}.

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

I am currently a senior in high school nearing graduation and have a growing passion for learning this industry.

@Jessie Cervantes DSCR loans require 25% down payment and are higher interest rate than a conventional 30 year note.

VRC Platinum-rated short term rental residence offers the highest rental revenues possible.

I believe I have two options.Property Info:Purchase Price: $365,000Current Loan: $329,000Interest Rate: 5.7%Mortgage:$1900PMI:$130Insurance:$157Taxes: $320Current Rent Left: $1200 (Market $1400)Current Rent Right: Owner Occupy (Market$1800)1.

The rate is pretty good though and I might have to move for work related reasons and if thats the case I’d love to keep the NACA loan at its rate without refinancing.

I'm old school.

Nobody has a crystal ball to predict the future but, generally, rates will likely go down, property will appreciate and rent's will increase.Getting experience as a landlord is valuable too...

  - Any payments made on the note will be recognized as income for you and subject to capital gains tax - Interest accrued on the note will be subject to ordinary income tax rates in the year you receive the paymentsHow to navigate around this1.