It’s currently rented for $2,200/month, with a mortgage and HOA fees totaling $1,900/month.

Hey Oliver,To reduce the high interest rates on your commercial loans for single-family houses in upstate NY without changing the loan terms, consider these steps:1.Negotiate with Current Lender: Highlight your good payment history and compare rates from other lenders to negotiate a lower rate.2.

Here’s a recent real world example. . .This deal was put together by my former student, current friend, and now successful real estate investor.Source: expired listingLocation: investor, Florida; property, IllinoisType: long term lease option via a sandwich leaseTerms between investor and homeowner:a) 48 monthsb) option to purchase price $135Kc) rent, $1200d) cash out of pocket, $0.

I currently own 3 properties, farm, rental, and private residence.

I currently reside in one bedroom and rent out the other two bedrooms.

I usually think of vacancy rates below 10% as pretty good and under 5% as really top-notch.

Currently, the properties that seem to meet that criteria, don't work with the numbers I'm working with.

You are already priced below some other rentals, so it could just be a slow market.

I own and manage 14 single family homes, all occupied nearly 95% of the time (stable rental market in my area), and currently analyzing a deal and figured why not ask for more input from all of you!

Ensure the property is tested and, if necessary, remediated by professionals.Permits and Code Compliance:Building Codes: Ensure that the restoration or rebuild complies with current building codes and regulations.