The property I've set my sights on is a 9-plex where the owners are willing to carry 70% of the loan at a 5.5% rate for a $1,800,000 building.

People's debt, tax rates and situations vary greatly. 

I asked about costs/rate/terms and he said "6 percent" interest for 5 years.  

Then when I sold in 2022, it was before rates really took a jump. 

Have they bought the rate down?

That property won't sell for another couple of years and I messed up and didn't lock in when rates were low and am now paying triple on the interest only payment.

Is this still around and if it is at what rates?

It's setup so that they are given a limited-term lease, but if they breached that and stayed beyond the lease also states that they would continue to pay the same rate.

Should they choose to move over a refrigerator, they will continue to owe rent, at the rate we set in the lease until we replace them with another tenant.

Here’s a digest of his expert insights designed to empower both new and seasoned investors.Understanding the Real Estate MarketThe real estate market is dynamic and influenced by economic trends, interest rates, and regional growth patterns.