I was merely saying the super low interest rates are starting to wind down -- it'll still be a few years of consistent increases before it significantly impacts funding.

I would like to check it out.I have a 4 acre property in Rohnert Park CA I have owned for going on 25 years.. it just got brought into the city as a mixed use resi project and I am trying to figure out what to do with it..CA is super expensive as you know.. but maybe something like this could work.problem is not with developers and affordable housing.. it rest squarely on regulators and city officials and environmentalist. building materials have risen a little but not much.. labor is up... whats up is development standards that the cities want and all the fee's that cities want that is not directly related to housing..

The rate is super high, like 15% plus points.

@Karen Margrave - Super impressed with your work, but even more impressive is your dedication/motivation to finish the project after you lost your husband (so sorry about that).  

So, I've gotten super excited about real estate these past couple of months, specifically multi family.

So sell yourself by having your act together and being humble.I’m super excited even though I’ve still got a lot of work to do before I’m comfortable to start putting in offers, I know that my toolbox will be fully equipped to make things happen and I’ll be successful.

It's not super hard to take a calculator out and show that (for a term of exactly 12 months), 2 points upfront is the same as bumping the rate 2% in terms of what you will spend on interest during that 12 month period.For less than 12 months, points are more than 1-for-1.

Taxes are super low, NICE!

I think we are moving into uncharted waters were you had these historically super low interest rates and if and when rates move up  what will lenders or servicers do ?? 

So all in 80k worse case, with rents of 900/ 900 or more, super deal and nowhere near the lake , probably 5 miles