Any recommendations for rate/term 5-7yr ARM lending on a Texas multi-family 34-unit 100% rented ($284k w/$195k NOI)Purchased at $2M with 75% private loan and 25% seller carried note this week.Value: $2M value

The price/rent ratios are unbeatable is solid blue collar locations.My personal rental portfolio is here and cash flows extremely well and is low maintenance.Purchase: $80k-$130kRent: $1200-$1500ROI: 10-14%Cash flow: $250-$350/doorAppreciation: Double digit (for past 10 years, will gladly send data)Location: C, B- (suburbs and certain markets)We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, mortgage, Amazon fulfillment, and more jobs.The bad reputation comes from OOS investors wanting $20k D market properties.

This is for Sonoma County, California.The investor would have to put 25% down and pay about $1500 in points for a 6.625% or about $2900 in points for a 6.5%The bottom figures are for a 7/6 ARM with the same figures at 6.375% and a $750 credit, which some folks are betting on.I've seen worse, it's not that bad as long as you are buying correctly.

The Digital Nomad revolution is real!

Also, what rates are you guys seeing right now for 30 year fixed, or 5 year or 7 year arms?

In some instances points are the way to go, others maybe an ARM is a way to go.

Like I said to JD I was on my way to participate in the skill bridge program with Kushman & Wakefield until the Navy put a halt on the skill bridge program as a whole until 2023 after my separation date due to a lack of funding and large number of enlisted separating from the armed forces.  

Ten years fixed that 10 arm.

However, the glaring issue that I see would be making the monthly payments with a 1 year mortgage, unless you are talking about an ARM which would be fixed for one year possibly?

Does anyone have a good app suggestion for importing Lowes and HD, and other receipts into a spreadsheet?   I have some receipts with furniture, cleaning supplies, other misc. items on there and I'd like to separate a...