An interest rate cap is essentially an insurance policy on a floating interest rate loan.This caps/limits the maximum interest expense exposure for a borrower using a floating-rate loan.Lenders also benefit as they can require an interest rate cap at a rate threshold that helps ensure the borrower can service interest payments comfortably, limiting the risk of non-payment in a rising interest rate environment.Floating interest rate debt has 2 components:✔️ Benchmark Index✔️ SpreadBenchmark Index + Spread = Total Interest RateThe interest rate cap will set a maximum threshold for the index used.Let me know what questions you have about interest rate caps below!

Do you have a target return (cap rate/COC, etc) in mind?

Plan conservatively if you're targeting travel nurses.

So, if you’re going to go through the effort of setting up an LLC, be sure to take the extra steps to find an attorney, CPA or other professional willing to act as the agent for your LLC and allow you to use their address.

What's your take on setting a utility cap in the rental agreement for mid-term rentals?

Would you like to set a meeting?

If you get a 4-plex, make sure you have an extra $30k cash set aside.2.

I like taking the time to really get to know everyone I work with and understand what they're searching for so I can help them find exactly what they need to meet their targets effectively. 

Contact me and we can set up a time to talk. 

I am really interested in the house hacking method, however, there doesn't seem to be a lot of options in my area for multifamily properties (especially duplexes, which is my target).