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.

How you proceed will depend on a few factors:- financing will depend on your exit strategy - you'll be best off if you can decided the exit plan (LTR, MTR, or STR) before buying- Since you're not employed and living on savings, what is your burn rate and your cash runway?

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

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

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?

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.

How much down what interest rate how many years is there a balloon what are your financials is he sophisticated how much more do you want to pay.

Is it possible to succeed, of course, but most fail because they really don't know what they are doing.In the past, got deals prior to MLS which allowed me the best opportunity to wholesaler today, that is no longer possible unless you direct mail advertise to motivated home sellers.